Chinese Banks Face Cash Squeeze as Yuan Defense Adds Pressure
- Posted on January 14, 2025
- By Yahoo News
- 1 Views
Chinese Banks Face Cash Squeeze as Yuan Defense Adds Pressure
(Bloomberg) -- China’s increasing determination to defend its currency against a strong dollar is worsening a liquidity squeeze in the country, pushing a key short-term funding rate to its highest level in more than a year. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoThe cost of borrowing cash via seven-day interbank pledged repurchase contracts — a popular funding tool used by financial in