Free Trial

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI (Singapore)
(MNI)Beijing
True

The People’s Bank of China has cut the Standing Lending Facilities interest rate by 10 basis points, according to a statement on its website.

The central bank will reduce the overnight, 7-day, and 1-month SLF rates by 10bp to 2.55%, 2.70%, and 3.05%, respectively.

Keep reading...Show less
89 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The People’s Bank of China has cut the Standing Lending Facilities interest rate by 10 basis points, according to a statement on its website.

The central bank will reduce the overnight, 7-day, and 1-month SLF rates by 10bp to 2.55%, 2.70%, and 3.05%, respectively.

Keep reading...Show less