China Fast Figure: August SHIBOR Rates

SHIBOR is trending higher from previous months

SHIBOR rates are trending higher from previous months. This could signal the Chinese monetary policy tightening to provide stability to a domestic economy struggling to shrug off downward pressures brought on by the trade war.

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subnet142
subnet142

Not quite sure... higher rates mean tightening more than loosening... Did I miss anything? The yield curve seems to be steepening though...