China's Central Bank Raise Its Three-month Bills Interest Rate by 4 Basis Points

SHANGHAI, Jan, 21 -- China's Central Bank tendered to issue RMB 90 billion three-month bills in the open market on January 21st, and raised interest of three-month bills by 4.04 percentage points, which is inline with market expectation.

Meanwhile, the Central Bank also reclaimed RMB 48 billion 91-day bills. Prices of Central Bank's three-month bills are RMB 99.65, and reference returns ratio is 1.4088%, up 4.04 percentage points compared with last level of 1.3684%. The interest rate for its 91-day bills which is under the process of reclamation is 1.36%, up 5 percentage points.

(Edited by SMM)