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China’s interbank rates spike amid market concerns about policy tightening

Last updated on January 27, 2021

China's financial markets were roiled Tuesday as interbank interest rates spike after the central bank withdrew cash from the banking system and an adviser to the People’s Bank of China warned about asset bubbles.

The volume-weighted average rate of China’s benchmark overnight repurchase agreements, or repo, in the interbank market hit the highest in more than 14 months on Tuesday, driven by tighter cash conditions.

The volume-weighted average of the . . .

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