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The latest RTRS Sources piece notes that......>

CHINA
CHINA: The latest RTRS Sources piece notes that "China's interbank trading
platform has introduced trading alerts to prevent money market rates from
falling below specific thresholds, three sources with direct knowledge said on
Wednesday, following a recent plunge in interbank rates. The move came a day
after the People's Bank of China said lending and borrowing rates in short-term
markets should not fall below the rate it offers on excess cash that banks park
with the central bank "under normal circumstances". That rate is currently
0.72%. Despite its efforts to keep monetary policy broadly easy by injecting
cash into markets, the PBOC has been uneasy about the sharp drop in market
yields."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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