PBOC Transfuses USD46.2 Billion Via Open Market Operation in Four-Month High
Xu Wei
/SOURCE : Yicai
PBOC Transfuses USD46.2 Billion Via Open Market Operation in Four-Month High

(Yicai Global) Sept. 18 -- China's central bank, the People's Bank of China (PBOC), siphoned in USD46.2 Billion (CNY300 billion) from the financial system via open market operation, a new high since May 12, with no reverse repurchases maturing, while Medium-Term Lending Facilities (MLF) of CNY113.5 billion expired today.

 PBOC conducted a 7-day reverse repo of CNY280 billion and 28-day reverse repo of CNY20 billion.

 The 7-day reverse repo bid rate is 2.45 percent and the 28-day rate 2.75 percent, with both unchanged from the last open market operation.

 The overnight Shanghai Interbank Offered Rate (SHIBOR) was up 6.02 basis points to 2.7560 percent. The one-week term rate increased 1.20 basis points to 2.8440 percent. The SHIBOR for one-month loans fell 0.04 basis points to 4.3643 percent.

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