Related News
Central bank continues net cash injection in money market
CHINA'S central bank made a net cash injection via open market operations for the second consecutive day Friday in an effort to ease a cash strain.
The People's Bank of China conducted 150 billion yuan (US$21.93 billion) of reverse repos, a process by which the central bank purchases securities from banks through bidding with an agreement to sell them back in the future.
The injection saw a net 80 billion yuan pumped into the market Friday, offset by 70 billion yuan in maturing reverse repos.
The operations included seven-day reverse repo priced to yield 2.35 percent, 14-day contracts with a yield of 2.5 percent, and 28-day agreements with a yield of 2.65 percent, according to a central bank statement.
In Friday's interbank market, the overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which Chinese banks lend to one another, climbed 2.7 basis points to 2.36 percent, the highest level since Jan. 26. Shibor for one-month loans rose 1.36 basis points to 4.0652 percent, a more than one-and-a-half year high.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.