Free Trial

Reuters Sources Say PBOC Will Cut SLF Rates Monday

PBOC

Three Reuters sources suggest that the PBOC will cut the interest rates applied to its Standing Lending Facility loans on Monday, in the wake of recent reductions to interest rates applied to other similar operations.

  • Reuters reports that "the borrowing cost on overnight, seven-day and one-month loans will be lowered by 10 basis points to 2.95%, 3.10% and 3.45%, respectively."
  • The PBOC's Standing Lending Facility is used to provide short-term loans to commercial banks. Borrowers must guarantee assets with with high credit ratings as collateral.

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.