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BEIJING, June 7 (Xinhua) -- The central bank on Tuesday allowed 70 billion yuan (10.67 billion U.S. dollars) to drain from the market.
The People's Bank of China (PBOC) put 50 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 repos were priced to yield 2.25 percent, according to a PBOC statement.
Reverse repos worth 120 billion yuan matured on Tuesday, so the central bank has effectively drained 70 billion yuan from the market.
On Tuesday's interbank market, the benchmark overnight Shanghai Interbank Offered Rate (Shibor) was up by 0.2 basis point to 2 percent.
The Shibor for seven-day loans also increased 0.3 basis point to 2.34 percent. The Shibor for three-month loans stayed flat at 2.946 percent.
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Central bank pumps 40 bln yuan into market
BEIJING, June 6 (Xinhua) -- China's central bank on Monday pumped more money into the market to ease a liquidity strain.
The People's Bank of China (PBOC) conducted 40 billion yuan (6.1 billion U.S. dollars) in seven-day reverse repurchase agreements (repo), a process in which central banks purchase securities from banks with an agreement to resell them in the future. Full story
China's central bank injects more liquidity in May
BEIJING, June 1 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced on Wednesday that it had pumped more money into the market via targeted measures in May to add liquidity.
The central bank said it injected 570 million yuan (86.5 million U.S. dollars) through standing lending facility (SLF) to ensure "provisional liquidity demand from financial institutions." Full story
