SHANGHAI :
PBOC Puts USD10.8 Billion From Open Market Operation, Pulls USD10.8 Billion in Maturing Reverse Repos
Xu Wei
DATE:  Sep 13 2017
/ SOURCE:  Yicai
PBOC Puts USD10.8 Billion From Open Market Operation, Pulls USD10.8 Billion in Maturing Reverse Repos PBOC Puts USD10.8 Billion From Open Market Operation, Pulls USD10.8 Billion in Maturing Reverse Repos

Yicai Global) Sept. 13 -- China's central bank, the People's Bank of China (PBOC), has injected USD10.8 Billion (CNY70 billion) from the financial system via open market operation today, while withdrawing CNY70 billion.

PBOC conducted 7-day reverse repurchases of CNY30 billion, 14-day reverse repos of CNY20 billion and 28-day reverse repos of CNY20 billion, offset by CNY70 billion of previous reverse repos maturing today.

The 7-day reverse repo bid rate is 2.45%, the 14-day reverse repo bid rate 2.6% and the 28-day reverse repo bid rate 2.75%. All were unchanged from the last open market operation.

The overnight Shanghai Interbank Offered Rate (SHIBOR) was up 0.17 basis points to 2.6500 percent. The one-week term rate increased 0.20 basis points to 2.8056 percent. The SHIBOR for one-month loans fell 0.57 basis points to 3.8920 percent.

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