CORRECT: China Seven-Day Repo Rate Drops Most Since January

7-day repo rate drops 83 bps to 2.69% as of 10:40am in Shanghai after falling as much as 112 bps earlier, sharpest decline since Jan. 2014, according to a weighted average compiled by the National Interbank Funding Center

(Corrects magnitude of decline from biggest since Feb. 2011 to biggest since Jan. 2014)
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