The credit taps are gushing again.
The rate at which China's banks lend short term money to each other has dropped to the lowest in four weeks, reflecting a tacit understanding between banks and policymakers that monetary conditions should remain loose to support the nation's sagging real estate market.
The seven-day repurchase rate, a gauge of interbank funding availability, has dropped 0.14 percentage points to 3.52 percent, according to a weighted average from the National Interbank Funding Centre.
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