China’s Central Bank Raises Borrowing Costs After Fed Hikes

21/3/2018/Bloomberg

  • PBOC lifted reverse repos rates to commercial lenders by 5 bps
  • Hike in line with expectation, normal reaction to Fed: PBOC

China’s central bank increased the cost of short-term loans to commercial lenders, tightening policy in step with the U.S. Federal Reserve.

 

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