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:
more to come
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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.
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