China Interbank Rate Declines as PBOC Injects Cash


China’s benchmark money-market rate declined 88 basis points to a weighted average of 5.4 percent on January 21st as the People's Bank of China injected more than 255 billion yuan (USD 42 billion) to meet cash demand. The day before, the seven day repo rate reached as high as 7.5 percent.

Short-term borrowing costs escalated on January 20th as demand for cash increased ahead of the Lunar New Year holiday. 

The Central bank added funds to big lenders using its Standing Lending Facility and conducted reverse-repurchase agreements.

China Interbank Rate Declines as PBOC Injects Cash


Joana Taborda | joana.taborda@tradingeconomics.com
1/21/2014 11:53:29 AM