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ichphotos453703
Location: Beijing, , China
Post Date: Dec 10, 2018 3:17 AM
TAG ID: ichphotos453703
Format: 5521 x 3681 Color JPEG
Credit: Imagine China/Newscom
Keywords: China, Chinese, People's, Bank, PBOC, People's Bank of China
Release Status: No Model Release, No Property Release
Caption:
--FILE--View of the headquarters and head office of the People's Bank of China (PBOC), China's central bank, in Beijing, China, 3 August 2018. The People's Bank of China, the central bank, on Monday skipped reverse repo for the 32th trading day, the longest stretch since early 2016, citing sufficient liquidity in the banking system. No reverse repo will mature Monday. A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. Monday's interbank market showed the overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which banks lend to one another, increased 3.7 basis points to 2.453 percent. The Shibor rate for one-month loans rose 1 basis point to 2.838 percent.
 
--FILE--View of the headquarters and head office of the People's Bank of China (PBOC), China's central bank, in Beijing, China, 3 August 2018. The People's Bank of China, the central bank, on Monday skipped reverse repo for the 32th trading day, the longest stretch since early 2016, citing sufficient liquidity in the banking system. No reverse repo will mature Monday. A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. Monday's interbank market showed the overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which banks lend to one another, increased 3.7 basis points to 2.453 percent. The Shibor rate for one-month loans rose 1 basis point to 2.838 percent.
 
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