Bloomberg: The People's Bank of China injected liquidity overnight, but the spike in borrowing costs yesterday to a decade high of over 12% freaked a lot of...

Tom McKay
Tom McKay Livewire

Bloomberg: The People's Bank of China injected liquidity overnight, but the spike in borrowing costs yesterday to a decade high of over 12% freaked a lot of people, not to mention the Australian stock market. Beijing wants to make growth more sustainable, which means slower.

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