Jan
24
China Raises Mid-Term Lending Rates in New Signal of Tightening
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Central bank boosted rates on 1-year, 6-month loan facilities
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Shift comes amid recovering prices and bid to rein in risk
China increased interest rates on the medium-term loans it uses to manage liquidity, the strongest signal yet of tightening as it shifts focus to curbing risk in the financial system.
The People’s Bank of China raised the one-year Medium-term Lending Facility rate to 3.1 percent from 3 percent and the six-month rate to 2.95 percent from 2.85 percent, it said Tuesday in a statement on its Weibo social media account. The rates are becoming one of the main policy tools as the central bank moves away from old benchmarks…
China Raises Mid-Term Lending Rates in New Signal of Tightening
