ecns [expanded by feedex.net]: Central bank continues fund injection

ecns [expanded by feedex.net]

ecns

Central bank continues fund injection
http://www.ecns.cn/business/2016/01-28/197457.shtml
Jan 28th 2016, 13:46





Thursday Jan 28, 2016






China's central bank has made a big injection of funds into the financial system for the second time this week to ease a short-term liquidity strain before the Lunar New Year holiday.
The People's Bank of China (PBOC) pumped 260 billion yuan (39.7 billion U.S. dollars) into markets through 28-day reverse repurchase agreements (repo) and 80 billion yuan of seven-day reverse repo, a process in which central banks purchase securities from banks with agreements to resell them in the future.
The injection, following Tuesday's 440-billion-yuan reverse repo operations, the largest single-day liquidity injection in three years, has resulted in a net 590 billion yuan being pumped into the market this week.
The 28-day reverse repo was priced to yield 2.6 percent while that of the seven-day reverse repo was 2.25 percent, unchanged from Tuesday's operations, according to a PBOC statement.
In Thursday's interbank market, the overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which Chinese banks lend to one other, fell slightly to 1.992 percent.
China's financial markets and business operations will be closed from Feb. 7 to 13 for the Lunar New Year holiday, when a surge in cash demand is expected because of travel expenses and holiday shopping. The PBOC usually pumps extra funds into the financial system ahead of the holiday.
¡¡¡¡


China's central bank injects 3-year-high fundsCentral bank further eases liquidity China's central bank continues to ease liquidity strainCentral bank seeks difficult balance with yuan policyChina's central bank to maintain prudent monetary policy




This photo of a potato just sold for €1 millionºì°üÕÕƬThis is the one where the 'Friends' cast finally reunitedNumber of mainland tourists to Taiwan hits record high in 2015China eyes agricultural modernization, rural prosperity in key document


Beijing plans for 10 more bonded stores Pesticides pose major threat to China's food safety: report WeChat refutes new function will spread pornographic content China backs UN resolution China probes hospital appointment scalping






You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt