PBOC Pours USD9.2 Billion From Open Market Operation, Extracts USD9.2 Billion via Maturing Reverse ReposYicai Global) Sept. 20 -- China's central bank, the People's Bank of China (PBOC), injected USD9.2 billion (CNY60 billion) from the financial system via open market operation today, while withdrawing USD9.2 billion (CNY60 billion).
PBOC conducted seven-day reverse repurchases of CNY40 billion, 28-day reverse repos of CNY20 billion, offset by CNY60 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) went up 1.57 basis points to 2.8057 percent. The one-week term rate was unchanged at 2.8690 percent. The SHIBOR for 3-month loans increased 0.05 basis points to 4.3675 percent.
