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Injections continue, liquidity pressures easing

  • Published 09 Jul 2010

The People's Bank of China, central bank, injected a further Rmb 105bn through open market operations this week, according to data released Friday. Although this marks an increase from last week's Rmb 67bn, combined injections over the last two weeks are still down from mid-June levels suggesting that liquidity shortages are easing.

The one-month Shanghai Interbank Offered Rate (SHIBOR) also fell to 2.6214% on July 9 from 3.3483% a week prior having risen significantly in previous weeks from 1.7986% on May 17 to 4.0525% on June 25. Two-week SHIBOR also slid further to 2.5138% on July 9 from 2.9225% on July 2.

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