China’s money rates fall on ample liquidity, but not expected to drop much more

China’s primary money rates fell
this week on ample liquidity, with the country’s central bank
skipping its open market operations for the entire week.
Traders said cash conditions had been very loose and that
they had no difficulty squaring their books.
That dragged some secondary market rates below the price the
central bank charges bigger lenders in the primary market.
The volume-weighted average rate of the benchmark seven-day
repo traded in the in