(Yicai Global) Sept. 18 -- China's central bank, the People's Bank of China (PBOC), siphoned in USD46.2 Billion (CNY300 billion) from the financial system via open market operation, a new high since May 12, with no reverse repurchases maturing, while Medium-Term Lending Facilities (MLF) of CNY113.5 billion expired today.>
PBOC conducted a 7-day reverse repo of CNY280 billion and 28-day reverse repo of CNY20 billion.
The 7-day reverse repo bid rate 2.45 percent and the 28-day rate 2.75 percent, with both unchanged from the last open market operation.
The overnight Shanghai Interbank Offered Rate (SHIBOR) was up 6.02 bas points to 2.7560 percent. The one-week term rate increased 1.20 bas points to 2.8440 percent. The SHIBOR for one-month loans fell 0.04 bas points to 4.3643 percent.