Contact Us: 01282 426380
KM Financial Solutions | China’s money rates ease on c.bank liquidity support, seasonal factors fade
17426
post-template-default,single,single-post,postid-17426,single-format-standard,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,hide_top_bar_on_mobile_header,qode-child-theme-ver-1.0.0,qode-theme-ver-11.2,qode-theme-bridge,wpb-js-composer js-comp-ver-5.2.1,vc_responsive
 

China’s money rates ease on c.bank liquidity support, seasonal factors fade

17 May China’s money rates ease on c.bank liquidity support, seasonal factors fade

Posted at 08:11h in News by
0 Likes
SHANGHAI, May 18 (Reuters) – China’s primary money rates
eased on Friday after a rise in the middle of the week as
liquidity tightness, caused by monthly corporate tax payment,
eased following central bank-led cash injection, traders said.
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 2.6840
percent on Friday afternoon, 0.7 basis points lower than the
previous week’s closin

No Comments

Sorry, the comment form is closed at this time.