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Shanghai interbank rate lowest since May
Published Mon, Jul 11, 2016 · 09:50 PM
Shanghai
Borrowing costs in Shanghai fell to the lowest level since May as funds returned to the banking system following increased demand for quarter-end regulatory needs.
The decline comes even amid signs that the central bank is against maintaining excessive liquidity as it looks to limit volatility in money-market rates. Data released over the weekend showed factory-gate deflation eased for the sixth month in a row, allevi…
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