PBoC cuts MLF rate with lower LPRs to follow

China skyscrapers Chongqing_Fotolia_230px
By Rebecca Feng
17 Feb 2020

The People’s Bank of China trimmed the one year medium-term lending facility (MLF) rate by 10bp from 3.25% to 3.15% on Monday morning. The move will likely lead to lower loan prime rates when they are published later this week, said analysts.

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