Start GRASP/China China Tightens Monetary Policy by Raising Repo Rates

China Tightens Monetary Policy by Raising Repo Rates

406
0
TEILEN

NewsHubSHANGHAI—China’s central bank raised key interest rates in the money market Friday, reinforcing a shift toward tighter monetary policy aimed at deflating asset bubbles and reducing long-term financial risk.
The latest effort by the People’s Bank of China follows a similar decision shortly before the weeklong Lunar New Year holiday to increase the borrowing cost on special loans to a select group of commercial lenders, a move widely…

Similarity rank: 3