Money rates in China rise but condition is still better than last year
Money rates in china rise this Monday in a light volume as banks set aside cash in preparation for regularly scheduled reserve ratio escrow payments on Jan. 5.
Money conditions during the end of the year are much better than last year's, with the benchmark weighted-average seven-day bond repurchase rate at 4.5805 percent, compared with 5.6014 percent at the close of 2011 but up slightly from Friday's 4.1200.
Posted by Phoenix Mathew
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