China’s Money Rate Climbs to Three-Month High as Taxes Come Due

Updated on
  • Speculation grows central bank won’t inject too much liquidity
  • PBOC intention to keep yuan stable curbs loosening: analyst

China’s benchmark money-market rate rose to a three-month high on speculation banks were reluctant to lend as corporate tax payments come due and that the central bank will refrain from adding too much liquidity as it seeks to protect the currency.

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