PBOC Gives No Relief To Banks on Cash Pinch
BY SHEN HONG —Sheng Luo and Fiona Law contributed to this article.
The Wall Street Journal Europe
19 Jun 2013
SHANGHAI—China’s money-market rates remained stubbornly high Tuesday, and the central bank refrained from adding cash to the financial system, suggesting that a standoff between the People’s Bank of China and lenders is set to continue. An interbank…read more…