(Yicai Global) Nov. 21 -- China's central bank, the People's Bank of China (PBOC), injected a net CNY10 billion (USD1.51 billion) into the financial system via an open market operation today, following another injection of CNY20 billion yesterday.
PBOC conducted a seven-day reverse repurchase of CNY130 billion today, with a 14-day reverse repo of CNY40 billion and a 63-day reverse repo of CNY10 billion, against the maturing of a CNY170-billion previous reverse repo.
The seven-day reverse repo bid rate was 2.45 percent, while the 14-day rate was offered at 2.60 percent and the 63-day rate was set at 2.90 percent, all unchanged from the previous open market operations.
The overnight Shanghai Interbank Offered Rate (SHIBOR) gelled at 2.20 basis points, up 2.8080 percent, following another rise of 4.80 basis points yesterday.
The SHIBOR for one-week loans rose 0.20 basis points to 2.8610 percent, while the three-month term rate slightly rose 0.21 basis points to 4.6243 percent.