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  • Dec 21, 2014
  • Updated: 6:00pm

Money Market

China money rates tumble as central bank lets cash flow in

China’s central bank allowed short-term borrowing costs to spike to close to 30 percent last month. Photo: AP

China’s inter-bank funding costs fell further on Tuesday as the central bank refrained from draining funds via its regular open market operations, and traders predicted rates would soon return to levels seen before the recent cash crunch that roiled global markets.

Tuesday, 2 July, 2013, 10:42pm