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KM Financial Solutions | China’s money rates inch up on month-end demand, liquidity levels ample
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China’s money rates inch up on month-end demand, liquidity levels ample

30 Aug China’s money rates inch up on month-end demand, liquidity levels ample

Posted at 07:22h in News by
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China’s primary money rates
edged up for the week due to higher month-end cash demand, but
liquidity remained very ample despite a central bank-led cash
drain.
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 2.6103
percent on Friday afternoon, about 3 basis points higher than
the previous week’s closing average rate of 2.5776 percent.
Cash c

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