short-term lending facility

China’s Central Bank Cuts Interest Rates On Special Lending Facilities

China’s Central Bank, The People’s Bank of China (PBOC), has cut the interest rates on its short-term lending facility (SLF) for its local branches, Reuters reported on Wednesday, citing sources familiar with the matter. According to Reuters, overnight lending rates will be cut to 4.5 percent from 5 percent and seven-day lending rates will be cut to … Continue reading →