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KM Financial Solutions | China’s money rates rise as quarterly tax-time approaches
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China’s money rates rise as quarterly tax-time approaches

11 Jan China’s money rates rise as quarterly tax-time approaches

Posted at 05:30h in News by
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SHANGHAI, Jan 12 (Reuters) – China’s primary money rates
ended the week higher despite a net injection of liquidity this
week as demand for cash rises ahead of a period when quarterly
tax payments are due.
The volume-weighted average rate of the benchmark seven-day
repo traded in the interbank market, considered
the best indicator of general liquidity in China, was 2.8702
percent on Friday. That’s 18.4 basis points higher than the
previous week’s closing average of 2.6860 percent.
Th

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