China central bank offers emergency funds to small banks as rates rise

China’s central bank is offering emergency funding support to commercial banks amid a spike in cash rates, sources with direct knowledge of the move told Reuters on Monday. The People’s Bank of China (PBOC) will offer up to 120 billion yuan ($19.8 billion) in 1-14 day funds to smaller banks via i…

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China central bank offers emergency funds to small banks as rates rise

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