China money rates down sharply for 4th week as easing gains traction

April 10, 2015 5:23 AM

53 0

SHANGHAI, April 10 (Reuters) - Chinese money market rates fell sharply for the fourth week on Friday as the central bank's efforts to ease a protracted short term liquidity crunch showed signs of gaining traction.

At midday on Friday, the volume weighted average yield on the benchmark seven-day bond repurchase agreement (repo) was trading at 2.88 percent. The last time the seven-day repo closed below 3 percent was in October 2014. For the week, the seven-day repo was down 52 basis points (bps), following a 53...

Also read: Cyber Monday sales spike 9.4 percent, early data shows

Read more

To category page

Loading...