2017年1月银行间市场运行报告

China＇s interbank market performance in January 2017

2017年1月，银行间市场整体平稳运行，主要特点是：央行流动性管理工具多管齐下，银行间本币流动性稳中有紧，货币市场利率中枢抬升，国债到期收益率曲线陡峭上行；国际金融市场动荡不安，人民币对一篮子货币汇率保持基本稳定，双边交易汇率波动显著加大，对美元汇率近4个月来首现月度升值。

In January 2017, the overall interbank market maintained stable and the main characteristics were as follows： the central bank adopted a variety of liquidity tools, and the interbank market liquidity maintained stable yet tightening up a bit; the average level of the money market interest rates went up, and the yield curve of the government bonds shifted upward and steepened a bit; the global financial markets were turbulent, and the exchange rate of RMB against the SDR basket currencies maintained basically stable, with a significantly higher volatility seen in the bilateral trading exchange rates; the RMB appreciated against the USD for the first time in tast 4 months.