China’s benchmark money market interest rates tumbled Friday, amid the People's Bank of China applying pressure on banks to release more cash to ease the country's worsening liquidity crunch.
The money market rates saw the biggest drop since 2007, when the one-day repurchase rate tumbled 384 basis points, or 3.84 percentage points, to 7.90 percent earlier Friday. The seven-day...
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations.He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications.His hobbies are tracking global financial developments and watching sports
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