Chinese Banks Hold Benchmark Lending Rate for Fourth Month bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Chinese banks held their benchmark lending rates after a similar move by the central bank, bolstering expectations that further monetary easing will take place in early 2024.Most Read from BloombergApple Races to Tweak Software Ahead of Looming US Watch BanApple to Halt US Sales of Smartwatches After Patent LossTrump Should Be Barred From US Presidency, Colorado Court SaysWhat If Putin Wins? US Allies Fear Defeat as Ukraine Aid StallsCiti Suit Raises #MeToo Claims at Wall Street’s
China Banks Rush to Raise Funds After Cash Crunch Spooks Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Chinese banks have ramped up their borrowing of short-term funds, a sign that fears of a cash crunch still loom large, even as Beijing sought to calm traders after a recent liquidity squeeze. Onshore lenders this week doubled their issuance of so-called negotiable certificates of deposit, a form of debt…