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China money rates rise as PBOC skips OMOs for 6th week, year-end cash demand high

China's primary money rates rose across the board for the week, driven by a combination of the central bank's reluctance to inject fresh funds into the banking system and a scramble for cash into year-end. Friday marked an unprecedented 36th straight trading day in which the People's Bank of China (PBOC) has skipped reverse repos operations. But the bank lent 286 billion yuan to financial institutions via its one-year medium-term lending facility (MLF) o

China's money rates fall on easing demand; PBOC skips OMOs for 5th week

China's primary money rates fell this week as demand for cash for regular tax payments eased after the month end, with traders awaiting November credit data for potential clues on further policy easing. The country's central bank made no net injections or drains into money markets for a record fifth consecutive week. While skipping daily reverse repurchase operations, the People's Bank of China effectively rolled over 187.5 billion yuan ($27.26 billion

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