Thursday, March 31, 2016

China's money rates mixed, end-quarter cash demand surges

SHANGHAI, April 1 (Reuters) - China's primary money rates were mixed for the week on Friday as end of quarter cash demand pushed up the 14-day and one-month rates, but strong central bank cash injections kept the benchmark seven-day rate in check. 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 2.2786 percent, down one basis point (bps) on the week. The one-day or overnight rate


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