China's Interbank Rates Go Mostly Lower After PBOC Increases Liquidity Again
Tang Shihua
DATE:  Nov 19 2019
/ SOURCE:  yicai

(Yicai Global) Nov. 19 -- The Shanghai Interbank Offered Rates went mostly lower today after the central bank poured CNY300 billion (USD42.7 billion) into the monetary system via open market operations over the past two days, and cut the seven-day reverse repo rate by 5 bips yesterday.

The overnight SHIBOR was down 36.40 basis points at 2.3430 percent, while the one-week rate slid 11.70 bips to 2.6110 percent. The one-month rate was 2.7910, 0.30 bips lower.

Only the SHIBOR for three-month loans ascended, rising 0.10 bips to 3.0330 percent.

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Keywords:   Interbank Market,SHIBOR,Monetary Policy,PBOC