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Bloomberg Markets

China Asks Big Banks to Curb Interbank Lending to Ease Cash Glut

China Asks Big Banks to Curb Interbank Lending to Ease Cash Glut
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China told big state-owned banks to reduce their lending in the interbank market, according to people familiar with the matter, in an effort to prevent borrowing costs from drifting too far below the policy interest rate.

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Bloomberg Markets

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