HIBOR rises; PBOC to inject liquidity via Reverse Repos

As per Livesquawk report, the Hong Kong Interbank Offered Rate (HIBOR) also known as offshore Yuan rates are on the rise this Monday morning.

Earlier today, the People’s Bank of China (PBOC) said it would inject CNY 40 billion via 28 day reverse repos, CNY 70 billion via 7 day reverse repos and CNY 60 billion via 14 day reverse repos.