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KM Financial Solutions | China’s money rates rise on net drain, quarter-end cash demand
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China’s money rates rise on net drain, quarter-end cash demand

29 Mar China’s money rates rise on net drain, quarter-end cash demand

Posted at 08:33h in News by
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SHANGHAI, March 30 (Reuters) – China’s primary money rates
moved higher this week as demand for cash rose at the quarter’s
end, and as the central bank drained liquidity from markets for
a second consecutive week.
At 0745 GMT on Friday, 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 3.0717 percent.
That is nearly 37 basis points higher than the previous
week’s closing av

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