SHANGHAI, May 27: China’s primary money rates were mixed on Friday as cyclical demand for cash rose in the run-up to the month-end measurement period.
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 2.3661 percent, up 1.50 basis points (bps) from the previous day’s closing average rate and up slightly from the previous week’s closing average of 2.2684.
The rise is similar to the one posted by benchmarks at the end of April. The Shanghai Interbank Offered Rate (SHIBOR) for same tenor rose to 2.3330 percent, up0.10 bps from the previous close. The one-day or overnight rate stood at 1.9862 percent and the 14-day repo stood at 2.6505 percent. (AGENCIES)
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