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China's money rates stable as 'passive loosening' keeps liquidity ample

China's primary money rates remained stable this week thanks in part to weaker demand for cash prompted by China's official deleveraging campaign, and despite the central bank conducting a net drain of liquidity from the banking system for a fourth consecutive week. Traders and market watchers confirmed that they saw loose liquidity conditions in the market. One portfolio manager in Shanghai said that policies aimed at reducing financial system leverage

Czech Republic - Factors To Watch on April 13

Here are news stories, press reports and events to watch which may affect Czech financial markets on Friday. ALL TIMES GMT (Czech Republic: GMT + 2 hours) =========================ECONOMIC DATA========================== Real-time economic data releases.................... Summary of economic data and forecasts........... Recently released economic data.................. Previous stories on

China's money rates rise on net drain, quarter-end cash demand

China's primary money rates moved higher this week as demand for cash rose at the quarter's end, and as the central bank drained liquidity from markets for a second consecutive week. At 0745 GMT on Friday, the volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best indicator of general liquidity in China, was 3.0717 percent. That is nearly 37 basis points higher than the previous week's closing av