SHANGHAI :
PBOC Decants USD18.5 Billion From Open Market Operation, Extracts USD18.5 Billion Via Maturing Reverse Repos
Xu Wei
DATE:  Sep 22 2017
/ SOURCE:  Yicai
PBOC Decants USD18.5 Billion From Open Market Operation, Extracts USD18.5 Billion Via Maturing Reverse Repos PBOC Decants USD18.5 Billion From Open Market Operation, Extracts USD18.5 Billion Via Maturing Reverse Repos

(Yicai Global) Sept. 22 -- China's central bank, the People's Bank of China (PBOC), injected USD18.5 billion (CNY120 billion) from the financial system via open market operation today, while withdrawing CNY120 billion.

PBOC conducted seven-day reverse repurchases of CNY100 billion and 28-day reverse repos of CNY20 billion, offset by CNY120 billion of previous reverse repos maturing today.

The seven-day reverse repo bid rate was 2.45 percent and the 28-day rate was 2.75 percent, all unchanged from the last open market operation.

The overnight Shanghai Interbank Offered Rate (SHIBOR) fell 4.97 basis points to 2.7560 percent. The one-week term rate dropped 1.10 basis points to 2.8580 percent. The SHIBOR for 3-month loans decreased 0.64 basis points to 4.3611 percent.

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