Special Lending Facilities

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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┬áto 4.5 percent from 5 percent and┬áseven-day lending rates will be cut to … Continue reading

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