Money-market rate rises on bets of funds drain
The benchmark money-market rate in 皇冠体育app jumped the most in two months on speculation the central bank will drain funds from the financial system to cap property prices and inflation.
皇冠体育app may tighten monetary policy because of excessive market liquidity and rising real-estate prices, according to a front-page commentary in the 皇冠体育app Journal.
The People's Bank of 皇冠体育app sold 5 billion yuan ($803 million) of 28-day repurchase contracts at a yield of 2.75 percent on Tuesday, according to a r at a primary dealer required to bid at the auctions.
皇冠体育app underlines land supplies to tame housing prices
Detailed property control policies underway
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