China's Interbank SHIBOR Rate Is Mixed as PBOC Skips OMOs for Second Day
Tang Shihua
DATE:  May 10 2019
/ SOURCE:  yicai

(Yicai  Global) May 10 -- The Shanghai Interbank Offered Rates was mixed today,  as the People's Bank of China skipped open market operations for the  second day in a row after three days of liquidity injections this week.

The  overnight SHIBOR continued to rebound 31.3 basis points to 1.8260  percent, but the one-week rate fell 0.50 bips to 2.5680 percent. The  SHIBOR for three-month loans continued to fall, sliding 0.8 bips to  2.8950 percent.

Banking  liquidity is at a "relatively high level," the PBOC reiterated in a  statement today, explaining today's lack of OMOs. The bank injected a  total of CNY50 billion (USD7.4 billion) into the financial system  earlier this week.

Follow Yicai Global on
Keywords:   Interbank Market,SHIBOR,Open Market Operation