This is really worth watching. China’s money markets have spiked again after the central bank rebuffed pleas to inject more cash in to the financial system on Thursday, according to the FT.
We have the 7-day repo rate jumping 270 basis points to 10.8 per cent, nearly triple where it stood just two weeks ago and overnight money markets hitting silly levels:
Continue reading: Is it policy? China edition Reported by FT.com 9 hours ago.
We have the 7-day repo rate jumping 270 basis points to 10.8 per cent, nearly triple where it stood just two weeks ago and overnight money markets hitting silly levels:
Continue reading: Is it policy? China edition Reported by FT.com 9 hours ago.