Yicai Global) Sept. 11 -- China's central bank, the People's Bank of China (PBOC), halted open market operations today, stopping trade in reverse repurchase agreements (reverse repos).
The previous reverse repos of CNY40 billion matured today, bringing the PBOC's open market liquidity withdrawal to a current CNY40 billion.
The liquidity in the interbank market has been adequate recently, government bonds issued absorbed and the central bank repurchase expired, PBOC said, adding that it accordingly halted open market operations today.
Short- and mid-term interest rates were mixed in the interbank market today. The overnight Shanghai Interbank Offered Rate (SHIBOR) was up 0.80 basis points to 2.6440 percent. The one-week term rate dropped 0.09 basis points to 2.8014 percent, while the three-month term rate was down 2.47 basis points to 4.4034 percent.