SHANGHAI :
China's Central Bank Injects USD21.1 Billion Liquidity Into Financial System
Xu Wei
DATE:  Oct 23 2017
/ SOURCE:  Yicai
China's Central Bank Injects USD21.1 Billion Liquidity Into Financial System China's Central Bank Injects USD21.1 Billion Liquidity Into Financial System

(Yicai Global) Oct. 23 -- China's central bank, the People's Bank of China (PBOC), injected CNY200 billion (USD30.1 billion) into the financial system via open market operations today, while withdrawing CNY60 billion (USD9 billion).

PBOC conducted 7-day reverse repo of CNY110 billion and 14-day reverse repo of CNY90 billion, offset by CNY60 billion of previous reverse repos maturing today.

7-day reverse repo bid rate was 2.45 percent, while 14-day reverse repo bid rate hit 2.6 percent, both unchanged from PBOC's last open market operations.

The overnight "Shanghai Interbank Offered Rate" (SHIBOR) was up 3.78 basis points at 2.6160 percent. The one-week term rate fell 0.38 basis points to 2.8341 percent. The SHIBOR for 3-month loans rose 0.35 basis points to 4.3793 percent.

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Keywords:   Pboc,Central Bank,Open Market Operation,Cash Injection,Reverse Repo