PBOC Injected USD19.7 Billon From Open Market Operation
Xu Wei
/SOURCE : Yicai
PBOC Injected USD19.7 Billon From Open Market Operation

(Yicai Global) Oct. 17 -- China's central bank, the People's Bank of China (PBOC), poured USD28.8 Billon (CNY190 billion) from the financial system via open market operation today, while withdrawing USD9.1 Billon(CNY60 billion).

PBOC conducted a 7-day reverse repo of CNY100 billion, a 14-day reverse repo of CNY90 billion, offset by CNY30 billion of previous reverse repos maturing today. 

The 7-day reverse repo bid rate is 2.45%, the 14-day reverse repo bid rate is 2.6%, both were unchanged from the last open market operation.

The overnight "Shanghai Interbank Offered Rate" (SHIBOR) was up 0.63 basic points to 2.6003 percent. The one-week term rate added 0.03 basic points to 2.8483 percent. The SHIBOR for 3-month loans increased 0.43 basis points to 4.3711 percent.

 

Follow Yicai Global on
Keywords: Pboc , Central Bank , Open Market Operation , Cash Injection , Reverse Repo , Shibor