China's central bank cuts MLF rate by 20bps - Breaking The News

China's central bank cuts MLF rate by 20bps

25 July

1 min read

EPA-EFE/WU HONG

The People's Bank of China (PBoC) decided to cut its one-year medium-term lending facility (MLF) loan rate on Thursday from 2.5% to 2.3%.

The bank cut the rate on 200 billion yuan of one-year MLF loans by 20 basis points.

The PBoC also injected 235.1 billion yuan via its seven-day reverse repurchase program at an interest rate of 1.7%.

interest rate pboc

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