SHANGHAI: The volume-weighted average rate of China's benchmark seven-day repo traded in the interbank market fell to the lowest level in over 9-1/2 years on Tuesday morning, pressured by loose cash conditions.
The volume-weighted average of the seven-day repo, considered the best indicator of general liquidity in China, fell to a low of 1.5946%, the lowest level since April 2010.
Other tenors also fell to reflect the ample liquidity in the market. The volume-weighted average of the overnight repo eased to 1.1036%, the lowest since July. - REUTERS
source https://www.thesundaily.my/business/china-s-benchmark-7-day-repo-rate-plunges-to-lowest-since-april-2010-NX1819179
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