Three days after the People’s Bank of China provided a rare sweetened money deal for a number of state banks, it got tough and raised the interest it charged on medium-term loans to lenders – marking the first money market rate increase by the central bank since 2014.
This “tiger mum” approach by...
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Tuesday, 24 January 2017
China’s central bank turns tiger mum as it faces tough balancing act over monetary policy
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