Arab Today, arab today chinas central bank drains 10 bn yuan from market
Last Updated : GMT 10:41:31
Arab Today, arab today
Arab Today, arab today

China's Central Bank drains 10 bn Yuan from Market

Arab Today, arab today

Arab Today, arab today China's Central Bank drains 10 bn Yuan from Market

China's central bank
Beijing - QNA

China's central bank on Wednesday allowed 10 billion yuan about (1.53 billion US dollars) to drain from the market to ensure a stable money supply.

    The People's Bank of China (PBOC) put 70 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%, according to a PBOC statement. Meanwhile, reverse repos worth 80 billion yuan mature on Wednesday, so the central bank has effectively drained 10 billion yuan from the market, according to China's (Xinhua) News Agency. 

    On Wednesday's interbank market, the benchmark overnight Shanghai Interbank Offered Rate (Shibor) stayed unchanged at 2.011%. The Shibor for seven-day loans increased 0.1 basis point to 2.332%. The Shibor for three-month loans also rose 0.69 basis point to 2.9227%. The central bank had drained 20 billion yuan from the market on Tuesday. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas central bank drains 10 bn yuan from market Arab Today, arab today chinas central bank drains 10 bn yuan from market

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas central bank drains 10 bn yuan from market Arab Today, arab today chinas central bank drains 10 bn yuan from market

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday