China’s benchmark rate for loans between lenders completed the biggest weekly drop this year after the central bank scaled back cash withdrawals in its money-market operations.
China’s regional bond repayment bill has doubled in the year since former Premier Wen Jiabao told parliament he would curb the debt to “appropriate” levels.
China’s one-year interest-rate swaps dropped by the most in eight months after the central bank signaled cash supply in the financial system is adequate.
China’s benchmark money-market rate fell to a seven-month low as central bank intervention to weaken the yuan boosts the supply of cash in the financial system.
China’s overnight money-market rate rose, halting a 10-day loss that was the longest losing streak in 11 months, as the central bank drained more funds.
China’s one-year interest-rate swaps fell to an 11-week low on speculation demand for funds is weakening amid signs an economic slowdown is deepening.
China’s benchmark money-market rate fell to the lowest level in four months on bets that seasonal effects will keep funding costs low even as the central bank drains cash from the banking system.
The People’s Bank of China has allowed companies in the Shanghai Free Trade Zone to borrow yuan from overseas in its latest efforts to internationalize its currency.
China’s central bank drained cash from the financial system for the second time this week as the rate banks charge one another for overnight loans sank to the lowest level in 10 months.
China’s overnight money-market rate dropped to a nine-month low as ample supply of cash offset the impact of the central bank draining funds.