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UPDATED: PBOC cuts re-lending rate again, lowers rediscount rate for first time since 2010

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Chinese central bank cut re-lending rate again and lowered rediscount rate for the first time since 2010, in a move to further lower funding costs for small businesses and agricultural companies.

The People's Bank of China (PBOC) said on Wednesday it will cut relending and rediscount rate by 25 basis points, effective from July 1.

After the rate cut, three-month, six-month and one-year re-lending rates . . .

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