SHANGHAI :
PBOC Sluices Off USD31 Billion Via Open Market Operation to Hit Nearly Two-Month Apogee
Xu Wei
DATE:  Sep 15 2017
/ SOURCE:  Yicai
PBOC Sluices Off USD31 Billion Via Open Market Operation to Hit Nearly Two-Month Apogee PBOC Sluices Off USD31 Billion Via Open Market Operation to Hit Nearly Two-Month Apogee

Yicai Global) Sept. 15 -- China's central bank, the People's Bank of China (PBOC), has siphoned USD30.8 Billion (CNY200 billion) from the financial system via open market operation, a new high since July 24, with no reverse repurchases maturing today.

PBOC's net infusion was CNY260 billion this week, following a net withdrawal of CNY330 billion last week.

The central bank conducted 7-day reverse repos of CNY120 billion, 14-day reverse repos of CNY60 billion and 28-day reverse repos of CNY20 billion.

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

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