财新英文

China Makes First Cut in Key Lending Rate Since 2016

2019年11月05日 20:20

T中

Although borrowing costs of the medium-term lending facility dropped just 5 basis points, the move is likely to mark the start of a trend

China’s central bank took another step to lower borrowing costs on Tuesday to encourage lending amid growing downward pressure on the economy, implementing a small cut in the interest rate on the medium-term lending facility (MLF), a key reference used by banks to price their loans.

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