China's central bank continues to skip reverse repos

13 Dec, 2018

No reverse repo will mature Thursday.

A reverse repo is a liquidity-injecting process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Thursday's interbank market showed the overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which banks lend to one another, climbed 9.5 basis point to 2.519 percent. The Shibor rate for one-month loans rose 2.6 basis point to 2.9 percent.

Copyright APP (Associated Press of Pakistan), 2018

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