China cut two key rates for first time since April 2020 to boost economic growth
FEATURES POLICY & REGULATION
China cut two key rates for first time since April 2020 to boost economic growth
FEATURES POLICY & REGULATION

China cut two key rates for first time since April 2020 to boost economic growth

 

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China’s central bank on Monday cut the interest rates on its medium-term loans and open market operation for the first time since April 2020 as the growth in the world's second largest economy lose momentum.

The People's Bank of China (PBOC) on Monday injected 700 billion yuan of liquidity to the banking system via one-year Medium-Term Lending Facility (MLF) at an interest rate of 2.85%, compared to 2 . . .

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