Dow Jones Newswires: China’s central bank cuts two key policy rates

by | Aug 14, 2023 | Stock Market

China’s central bank on Tuesday cut two key policy rates, signaling that the country’s benchmark lending rates will fall later this month. The People’s Bank of China injected 401 billion yuan ($55.24 billion) of liquidity via the one-year medium-term lending facility at an interest rate of 2.50%, down from the previous 2.65%. It also provided CNY204 billion of funds through seven-day reverse repurchase agreements at an interest rate of 1.90%, down from 1.80% previously. The…

Article Attribution | Read More at Article Source

Share This