Yicai Global) Sept. 14 -- The People's Bank of China (PBOC), China's central bank, has infused USD15.38 Billon (CNY100 billion) from the financial system via open market operation, while no reverse repurchases matured today.
PBOC engaged in 7-day reverse repos of CNY60 billion, 14-day reverse repos of CNY30 billion and 28-day reverse repos of CNY10 billion.
The 7-day reverse repo bid rate was 2.45 percent, the 14-day reverse repo bid rate 2.6 percent, and the 28-day reverse repo bid rate 2.75 percent, all unchanged from the last open market operation.
To offset the issuance of government bonds and other factors and maintain banking system liquidity, PBOC carried out 100 billion in yuan repurchase operations, the central bank said.
The overnight Shanghai Interbank Offered Rate (SHIBOR) rose 3.10 basis points to 2.6810 percent. The one-week term rate increased 1.83 basis points to 2.8239 percent. The SHIBOR for one-month loans fell 0.36 basis points to 4.3675 percent.