China's Interbank SHIBOR Rates Climb on PBOC's Cash Withdrawal
Tang Shihua
DATE:  Aug 19 2019
/ SOURCE:  yicai
China's Interbank SHIBOR Rates Climb on PBOC's Cash Withdrawal China's Interbank SHIBOR Rates Climb on PBOC's Cash Withdrawal

 (Yicai  Global) Aug.19 -- The Shanghai Interbank Offered Rates were mostly higher today after the People's Bank of China conducted an open market operation that pulled CNY10 billion (USD1.42 billion) from its monetary system.

The overnight SHIBOR was 0.1 basis points higher at 2.6660  percent, though the one-week rate fell 0.10 bips to 2.6720 percent. The SHIBOR for three-month loans was up 0.3 bips at  2.6690 percent.

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Keywords:   SHIBOR,Monetary Market,Open Market Operation,PBOC