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KM Financial Solutions | China short-term money rates jump, small lenders scramble for year-end cash
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China short-term money rates jump, small lenders scramble for year-end cash

26 Dec China short-term money rates jump, small lenders scramble for year-end cash

Posted at 09:56h in News by
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SHANGHAI, Dec 27 (Reuters) – China’s money market rates
spiked on Wednesday, with the 14-day repo rate jumping to a
four-year high of 10 percent at one point as smaller
institutions scrambled to secure funding that extends into the
new year.

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