Exact(17)
It is the reference rate for more than $10 trillion in loans".
China cut the reference rate for its currency for the third straight day on Thursday, after the surprise devaluation of the yuan this week unsettled global financial markets.
On Monday, the People's Bank of China set its daily "reference rate" for the yuan at 6.2298 to $1, compared with 6.1162 yuan – in effect 1.86% lower.
The rate at which banks borrow money from other banks in the London market, a widely used reference rate for short-term loans, rose to 4.47percentt on Friday, its highest level since December.
On Friday, the central bank set its benchmark daily reference rate for the renminbi at 6.3447 to the U.S. dollar, its weakest level since late November.
China cut the reference rate for its currency for the third straight day on Thursday, having taken markets by surprise on Tuesday with the yuan's biggest one-day devaluation in 20 years.
Similar(42)
It is alleged that traders used online chatrooms to collude in the fixing of benchmark prices, which are used as reference rates for trillions of dollars of investment and trade globally.
Expected cases for each town were calculated using reference rates for each five-year period.
The data of the Swedish Cancer Registry Cancer Incidencee in Sweden, 2000) were used as reference rates for the Swedish cohort.
Figure 2 shows the maps depicting the municipal distribution of stomach cancer mortality for each quinquennium, using the respective reference rates for men and women.
The reference rates for the French patients were estimations of cancer incidences in France during the period 1975 1995 (Menegoz and Cherié-Challine, 2000).
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