China unexpectedly drains cash as leverage increases in bonds – Yahoo Finance
China unexpectedly drains cash as leverage increases in bonds – Yahoo Finance
(Bloomberg) – China’s central bank withdrew liquidity from the financial system for the first time in six months, after excess liquidity pushed the cost of interbank borrowing to an all-time low. The People’s Bank of China offered just 500 billion yuan ($ 77 billion) in medium-term loans to lenders on Friday, which resulted in a […]
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