Friday, December 30, 2016

China's money rates rise over the year as c.bank tightens liquidity

SHANGHAI, Dec 30 (Reuters) - China's primary money rates

rose this week and were largely higher this year, driven by the

central bank's tight liquidity stance in the second half aimed

at curbing bubbles and reducing leverage in the banking system.

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 2.5776

percent as of Friday afternoon, nearly 13 pip higher compared

with the previous

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