Off the wire
• Commentary: Accusing China of militarizing South China Sea islands aims to destabilize regional situation  • 1st LD-Writethru: China's FDI grows in Jan.-Feb.  • Chinese polluters fined US$654 million in 2015  • China to complete environmental supervision reform in two years  • Leaning ancient pagoda calls for reinforcement  • Spotlight: Belt-Road Initiative aligns Chinese dream with global aspiration for development  • Interview: Cuts to premier scientific body to make Australia risk "brain drain"  • Indonesia to bar entry of terrorist convict Hambali  • Foreign exchange rates in India  • Political advisor cautions against vocational student drain  
You are here: 　 Home

China central bank continues to ease liquidity strain

Xinhua, March 11, 2016 Adjust font size:

China's central bank continued to pump money into the financial system on Friday through open market operations.

The People's Bank of China (PBOC) conducted 20 billion yuan (3 billion U.S. dollars) of reverse repurchase agreements (repo), in which central banks purchase securities from banks with agreements to resell them in the future.

The seven-day reverse repo was priced to yield 2.25 percent.

The move followed a seven-day reverse repo of 20 billion yuan on Thursday, 15 billion yuan on Wednesday, 30 billion yuan on Tuesday.

On Friday's interbank market, the benchmark overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which Chinese banks lend to one other, fell by 20 basis points to 1.945 percent. Endit