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China's central pumped 8.3 billion US dollars in the market
6/1/2016 0:00
[rtl] BEIJING - Xinhua
China 's central bank pumped on Tuesday 55 billion yuan (about 8.3 billion US dollars) in the money market to ease the shortage of liquidity.
The central Chinese operations of reverse repurchase agreements , or what is known as (Ribot) for a period of seven days to 120 billion yuan, a procedure the central banks through the purchase of securities from banks under an agreement to re - sell them in the future.
the subject operations of (Ribot) to interest rate B2.25 percent unchanged after pumping 65 billion yuan on Monday, according to a statement of China 's central bank.
However maturity of reverse repurchase operations (repo) worth 65 billion yuan on Monday, pumping Bank effectively 55 billion yuan in the market.
in the banking transactions in the market on Tuesday, the interest rate rose overnight between banks in Shanghai (Hepour), a key gauge for interbank lending in China to 0.8 basis points to 2.01 percent, while loans rose Hepour for 7 days B0.4 basis points to 2.338 percent.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=117347
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