BEIJING - China's central bank continued to pump money into the financial system on Friday through open market operations.
The People's Bank of China (PBOC) conducted 20 billion yuan ($3 billion) of reverse repurchase agreements (repo), in which central banks purchase securities from banks with agreements to resell them in the future.
The seven-day reverse repo was priced to yield 2.25 percent.
The move followed a seven-day reverse repo of 20 billion yuan on Thursday, 15 billion yuan on Wednesday, 30 billion yuan on Tuesday.
On Friday's interbank market, the benchmark overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which Chinese banks lend to one other, fell by 20 basis points to 1.945 percent.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
