LINE

Text:AAAPrint
Economy

PBOC pumps 100 bln yuan into market

1
2016-06-27 10:57Xinhua Editor: Gu Liping

China's central bank on Monday pumped 100 billion yuan (15.12 billion U.S. dollars) into the market to provide liquidity.

The People's Bank of China (PBOC) put 270 billion yuan into seven-day reverse repos, a process by which central banks purchase securities from banks with an agreement to sell them back in the future.

The reverse repo was priced to yield 2.25 percent, according to a PBOC statement.

Reverse repos worth 170 billion yuan mature on Monday, so the central bank has effectively injected 100 billion yuan into the market

On Monday's interbank market, the benchmark overnight Shanghai Interbank Offered Rate (Shibor) was up by 0.3 basis point to 2.038 percent.

Seven-day Shibor gained 0.4 basis point to 2.375 percent. Three-month Shibor was down 0.08 basis point to 2.9618 percent.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.