UPDATE 1-China overnight repo rate falls to 4-year low as PBOC tries to calm funding jitters
China’s benchmark overnight
repo rate fell to a four-year low of nearly 1 percent on Friday
as the central bank continued to inject funds into money markets
to ensure ample liquidity ahead of a seasonal surge in cash
demand at the end of June.
repo rate fell to a four-year low of nearly 1 percent on Friday
as the central bank continued to inject funds into money markets
to ensure ample liquidity ahead of a seasonal surge in cash
demand at the end of June.
Posted by Reuters
