(Yicai Global) July 19 --  China's interbank interest rate continued to rise today despite the central bank injecting cash into the monetary system for the fifth day this week.

The Shanghai Interbank Overnight Rate over almost all terms, with the overnight rate rising 5.5 basis points to 2.8270, the one-week SHIBOR climbing 0.5 bip to 2.7530 and the three-month rate increasing 0.8 bip to 2.6310. The one-year SHIBOR remained flat at 3.1010.

China's central bank pumped a total of CNY471.5 billion (USD69 billion) into the nation's financial system via open market operations this week, a single-week high over the past six month. It net injected CNY100 billon today.