SHIBOR Rises on Average Despite PBOC's Liquidity Injection
Tang Shihua
DATE:  Jul 17 2019
/ SOURCE:  yicai

(Yicai Global) July 17 -- All but one of the Shanghai Interbank Offered Rates climbed today, despite the People's Bank of China boosting liquidity with a cash injection for the third straight day.

The one-week SHIBOR was up 1 basis point at 2.7340, the three-month rate climbed 0.4 bips to 2.6131, and the one-year rate rose 0.3 bips to 3.0990. The overnight SHIBOR was the only one to decline, falling 1.4 bips to 2.7110.

The central bank injected CNY100 billion (USD14.5 billion) into the banking system today after a CNY160 billion injection yesterday and a CNY11.5 billion bump for rural commercial banks on July 15.

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Keywords:   Interbank Lending Rate,SHIBOR,PBOC,Open Market Operation