(Yicai Global) Nov. 22 -- China's central bank, the People's Bank of China (PBOC), struck a balance in the financial system via an open market operation today, ending net injections for straight two days.
PBOC conducted a seven-day reverse repurchase of CNY100 billion today (USD15 billion), with a 14-day reverse repo of CNY80 billion and a 63-day reverse repo of CNY10 billion, against the maturing of a CNY190-billion previous reverse repo, with the funds injected equaling those maturing.
The seven-day reverse repo bid rate was 2.45 percent, while the 14-day rate was offered at 2.60 percent and the 63-day rate was set at 2.90 percent, all unchanged from the previous open market operation.
The overnight Shanghai Interbank Offered Rate (SHIBOR) was 0.10 basis points up to 2.8090 percent, rising for three days in a row.
The SHIBOR for one-week loans rose 0.70 basis points to 2.8680 percent, while the three-month term rate climbed 1.32 basis points to 4.6375 percent.