(Yicai Global) Nov. 14 -- China's central bank, the People's Bank of China (PBOC), injected a net CNY140 billion (USD 21.09 billion) into the financial system via an open market operation today, following another net injection of CNY83.5 billion yesterday.
PBOC conducted a seven-day reverse repurchase of CNY130 billion today, with a 14-day reverse repo of CNY120 billion and a 63-day reverse repo of 30 billion, against the maturing of a CNY140-billion previous reverse repo.
The seven-day reverse repo bid rate was 2.45 percent, while the 14-day rate was offered at 2.60 percent and the 63-day rate was set at 2.90 percent, all unchanged from the previous open market operations.
The overnight Shanghai Interbank Offered Rate (SHIBOR) was 4.00 basis points up to 2.8270 percent, while the one-week term rate went up 1.73 basis points to 2.8765 percent. The SHIBOR for three-month loans continued to rise, up 1.91 basis points to 4.5346 percent, regaining the period high reached yesterday.Keywords: pboc, open market operation, Injection, Reverse Repo, Shibor