PBOC announces cuts to standing lending facility rates

<p>The overnight standing lending facility (SLF) rate is cut by 10 bps to 2.65% while the 7-day and 1-month SLF rates are cut by 10 bps each as well to 2.80% and 3.15% respectively. This follows the medium-term lending facility (MLF) cut earlier in the day <a href="https://www.forexlive.com/centralbank/peoples-bank-of-china-set-mlf-rate-at-25-big-cut-from-prior-265-20230815/" target="_blank" rel="follow">here</a>.</p>

This article was written by Justin Low at www.forexlive.com.