China's central bank cuts MLF rate by 30bps - Breaking The News
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China's central bank cuts MLF rate by 30bps

Economy
Christian Baha / KA

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 Wednesday from 2.3% to 2%.

The bank cut the rate on 300 billion yuan ($42.66 billion) of one-year MLF loans by 30 basis points.

The move comes just a day after the central bank announced a slew of monetary easing measures.

interest ratepboc
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