People's Bank of China to cut Standing Lending Facility rate by 10bp ...Middle East

from May 8

The RRR cut referred to earlier will be cut from May 15

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 bps

More:

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.

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