People’s Bank of China to cut Standing Lending Facility rate by 10bp
- from May 8
The RRR cut referred to earlier will be cut from May 15
Earlier:
- PBOC Governor Pan says world is full of uncertainties – cuts rates
- PBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cut
- People’s Bank of China sets 7-day reverse repo rate at 1.4% (from 1.5% previously)
More:
- China will help A-share listed companies affected by tariffs to cope with difficulties
- China promises more local stock market support from sovereign fund
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Standing Lending Facility (SLF)
-
Aimed mainly at small- and medium-sized financial institutions
- Maximum maturity has been kept at one month or below for the past years
This article was written by Eamonn Sheridan at www.forexlive.com.
