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Chinese Central Bank Responds To Spike In Short-Term Rates

China’s money market rates rose sharply on Thursday, raising short-term borrowing costs and threatening to recreate the liquidity crunch that rattled markets last June. To ease con... More China’s money market rates rose sharply on Thursday, raising short-term borrowing costs and threatening to recreate the liquidity crunch that rattled markets last June. To ease concerns, China’s central bank extended trading on the interbank market on Thursday by 30 minutes. Less

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