China's central bank stabilises money market

The PBoC finally intervened Tuesday evening to calm markets, reassuring banks that it was prepared to relieve temporary liquidity shortages.
<div style="text-align: left;">
PBoC: Providing liquidity
</div>
<div style="text-align: left;"> PBoC: Providing liquidity </div>

China’s one-week repo rate climbed to 9.8% during the morning session on Wednesday, despite the central bank’s intervention to ease the interbank credit crunch.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media