China’s 7-day repo fixing interest rate rose to 5.5% today, the highest level since late2014. This followed PBOC’s statement last Thursday signaling a deviation from theprevious framework of regarding interbank rates as de facto “policy rates”. Reflectingthe prospective quarter-end MPA (macro-prudential assessment) examination andcontinued tightening bias from the PBOC, interbank rates may remain fairly volatilein the coming days, although we do not expect such elevated rates to be sustained.
首页
微信公众号
证券之星APP
