China money rate decline levels off, more easing seen ahead

April 17, 2015 4:27 AM

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SHANGHAI, April 17 (Reuters) - China's money market rates slid again for the week, capping five weeks of decline, but the move lower was far less sharp, suggesting that rates may be finding a temporary floor.

By midday on Friday, the volume-weighted average yield on the benchmark seven-day bond repurchase agreement (repo) was trading at 2.81 percent. For most of the week, the volume weighted seven-day was trading in a tight range between 2.8 and 2.9 percent. On Thursday, it closed at 2.878, the lowest cl...

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