The People's Bank of China is tightening the liquidity tap to counter a weakening yuan. Photo: Bloomberg
The People's Bank of China is tightening the liquidity tap to counter a weakening yuan. Photo: Bloomberg

China’s central bank raises obscure rate to send clear message

People’s Bank of China signals it is no longer willing to provide limitless cheap funds

The People's Bank of China is tightening the liquidity tap to counter a weakening yuan. Photo: Bloomberg
The People's Bank of China is tightening the liquidity tap to counter a weakening yuan. Photo: Bloomberg
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