Economic news
China central bank cuts medium-term loan rate
2024.09.24 21:11
SHANGHAI (Reuters) – China’s central bank said on Wednesday it has lowered the borrowing cost of its medium-term loans.
The People’s Bank of China (PBOC) said it cut the rate on 300 billion yuan ($42.66 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions to 2.00% from 2.30%.
($1 = 7.0318 )
