China’s Money Markets Stay Calm


Following People’s Bank of China injection of Rmb29bn ($4.8bn) into the financial system on December 24th, calm returns to China’s money markets and no open-market operations were conducted by the central bank on December 26th.

On December 26th, China’s seven-day bond repurchase rate, the benchmark money market rate, opened at 5.32 percent and closed at 5.33 percent, down from 5.5 percent on December 25th. 

China’s Money Markets Stay Calm


Joana Taborda | joana.taborda@tradingeconomics.com
12/26/2013 6:22:22 PM