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PBOC cut MLF rate to support economy, reference lending rates set to drop on Feb. 20

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China’s central bank cut the interest rate on its medium-term lending on Monday as authorities sought to ease the impacts on the businesses from a coronavirus outbreak.

The reference lending rates to be announced this Thursday are set to decline, analysts estimates. Some now expect targeted reduction to banks' reserve requirement ratio.

The People’s Bank of China (PBOC) said it was lowering the rate on 200 billion yuan ($28.65 billion) worth . . .

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