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Markets Are Betting On a 100bps Rate Hike This Month

The Breakdown

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Banks in the Henan Province Are Having Trouble With Liquidity

On sunday, chinese authorities violently dispersed a protest co ing of hundreds of depositors demanding the return of their savings. Since april, four rural banks in the region have frozen millions of dollars worth of deposits from hundreds of thousands of customers. The protest took place outside of the genjo branch of the chinese central bank,. It's the largest protest in china since the pandemic.

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