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China cuts medium-term lending rate

Summary by rthk.hk
The People's Bank of China (PBOC) on Thursday cut a medium-term interest rate, marking the latest move by the authorities to boost economic growth. The country's central bank cut the rate for its medium-term lending facility (MLF) – the interest for one-year loans to financial institutions – to 2.3 percent from 2.5 percent. The PBOC issued 200 billion yuan in one-year loans under its MLF at 2.3 percent. The last time the rate was cut was in Augu…
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