China's central bank pumped money into the inter-bank market to provide more liquidity.
The People's Bank of China (PBOC) put 50 billion yuan (around 7.6 billion US dollars) 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% , according to a PBOC statement.
The central bank has adopted repos and other liquidity operations to ease money shortages in the market more frequently this year, rather than cuts in interest rates or the reserve requirement ratio.
On Monday's interbank market, the benchmark overnight Shanghai Interbank Offered Rate (Shibor) stayed flat at 1.996%.
GMT 19:15 2016 Monday ,15 August
China's Central Bank Injects $12.12 Bn into MarketGMT 15:34 2016 Monday ,20 June
China's Central Bank Pumps Money into MarketGMT 01:57 2016 Thursday ,16 June
China bank lending rebounds strongly in MayMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor