|
|
Article: CENTRAL BANK REPO INTEREST RATE UP 5 BASIS POINTS
- Article from:
- AsiaInfo Services
- Article date:
- July 8, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
AsiaInfo Services
07-08-2009
Central Bank Repo Interest Rate Up 5 Basis Points
BEIJING, Jul 08, 2009 (SinoCast Daily Business Beat via COMTEX) -- The People's Bank of China, the nation's central bank, issued 28-day repurchase agreements, worth CNY 90 billion, and 91-day repurchase agreements, worth CNY 80 billion, on the interbank market on July 7, 2009, adding CNY 40 billion and CNY 50 billion over the figure in the previous week and with interest rate of 1% and 1.05%, up five basis points over the previous week.
Since the start of the week ended on July 5, the central bank has added open market operation. The central bank re-started 91-day repurchase agreements on July 2, and interest ...