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
***
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.People’s Bank of China to cut Standing Lending Facility rate by 10bpfrom May 8The RRR cut referred to earlier will be cut from May 15Earlier:PBOC Governor Pan says world is full of uncertainties – cuts ratesPBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cutPeople’s Bank of China sets 7-day reverse repo rate at 1.4% (from 1.5% previously)PBOC governor says will lower interest rates on structural policy tools by 25 bpsMore:China will help A-share listed companies affected by tariffs to cope with difficultiesChina promises more local stock market support from sovereign fund***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. Read MoreCentral Banks
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