China's borrowing costs between banks plummeted on Monday, returning to normal levels after rising to about 9 percent last week. The Shanghai Interbank Offered Rate overnight dropped 215.50 base points to 4.81 percent, suggesting eased cash flow among China's financial institutions. However, the fixing repo rate 7-day, another gauge of borrowing costs in China, rose 8 base points to 6.89 percent by 11 a.m. Monday. "Cash flow may not be as tight as last month. It all depends on the central bank's open market operations," said Song Qiuhong, a fixed-income analyst at Shunde Rural Commerce Bank.
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:19 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and GazaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor