China's central bank stabilises money market

The PBoC finally intervened Tuesday evening to calm markets, reassuring banks that it was prepared to relieve temporary liquidity shortages.
<div style="text-align: left;"> PBoC: Providing liquidity </div>
<div style="text-align: left;"> PBoC: Providing liquidity </div>
June 26, 2013

China’s one-week repo rate climbed to 9.8% during the morning session on Wednesday, despite the central bank’s intervention to ease the interbank credit crunch.

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