Chinese money market rates continue to rise despite PBOC action

|By:, SA News Editor

Despite the PBOC injecting 13B yuan ($2.13B) into money markets, one-week repo rates have risen for a ninth day in a row, increasing to a three-month high of 4.947%.

The overnight rate climbed for a fifth consecutive day to a four-month peak of 4.446%.

The Shanghai Composite is -0.2%.

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