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KM Financial Solutions | China money rates fall on ample liquidity, market unfazed by c.bank move
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China money rates fall on ample liquidity, market unfazed by c.bank move

22 Mar China money rates fall on ample liquidity, market unfazed by c.bank move

Posted at 08:04h in News by
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SHANGHAI, March 23 (Reuters) – China’s primary money rates
fell this week on ample liquidity in the banking system,
shrugging off a slight increase in short-term rates by the
central bank following the Federal Reserve’s hike in U.S. ones.
The People’s Bank of China’s (PBOC) move was a reminder
Beijing is keeping an eye on global market trends even as it
cracks down on financial risks at home.
The PBOC increased the rate on seven-day reverse repurchase
agreements by 5 basis points (bp

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