PBoC lowers SLF rate, to keep liquidity at reasonably ample level

<p>China’s central bank PBoC announced on Sunday to lower the standing lending facility rate by -30bps. Overnight, seven-day and one-month borrowing costs were lowered to 3.05%, 3.20% and 3.55% respectively. The move was a catch up to similar reductions in other liquidity tools as part of the coronavirus relief measures. PBoC also said in the […]</p>
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