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China tightens monetary policy going into 2017

It raises the rates for the seven-day repurchase agreement and the 14- and 28-day repo rates by 10 basis points each
Wednesday, February 8, 2017 - 05:50

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By raising the two key rates, China's central bank (left) has signalled an end to its loose monetary policy and its shift in priority from growth towards preventing asset bubbles and deleveraging.

Beijing

THE raising of two key interest rates by China's central bank last Friday signalled an end to its loose monetary policy and a shift of focus for this year from growth to preventing asset bubbles and deleveraging.

The surprise move by the People's Bank of China (PBOC) marked

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