China Credit Growth Set To Slow As Policymakers Clamp DownRupert Hargreaves
Yesterday, a few hours after the Federal Reserve announced that it was increasing interest rates by 0.25%, targeting a range of 1.25% to 1.5% for its benchmark rate, China's central bank responded by raising the rates it charges in open-market operations and on its medium-term lending facility.
The cost of seven-day and 28-day reverse-repurchase agreements was raised by five basis points while the cost of the medium-term lending facility was also increased by five basis points, with the 1 . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible