Saturday , April 4 2020
Home / South China Morning Post / China cuts medium term loan rate to support coronavirus-hit economy

China cuts medium term loan rate to support coronavirus-hit economy

Summary:
[unable to retrieve full-text content]China provided medium-term funding to banks and cut the interest rate it charges for the money as officials sought to cushion the economy from the coronavirus outbreak.The People’s Bank of China (PBOC) offered 200 billion yuan (US.6 billion) of one-year medium-term loans on Monday. The rate was lowered by 10 basis points to 3.15 per cent.The central bank also added 100 billion yuan of funds with seven-day reverse repurchase agreements. Some 1 trillion yuan (US3 billion) of reverse repos…

Topics:
Bloomberg considers the following as important:

This could be interesting, too:

Tyler Durden writes America, We Have To End The Wars Now

Tyler Durden writes Delaware State Police Authorized To Pull Over Out-Of-State Drivers During Pandemic

Mike Shedlock writes Covid Tracking Project and Tweets of the Day

Tyler Durden writes In The New Age Of Deception, COVID-19 Has Hastened The Old Collectivism

[unable to retrieve full-text content]
China provided medium-term funding to banks and cut the interest rate it charges for the money as officials sought to cushion the economy from the coronavirus outbreak.The People’s Bank of China (PBOC) offered 200 billion yuan (US$28.6 billion) of one-year medium-term loans on Monday. The rate was lowered by 10 basis points to 3.15 per cent.The central bank also added 100 billion yuan of funds with seven-day reverse repurchase agreements. Some 1 trillion yuan (US$143 billion) of reverse repos…

Leave a Reply

Your email address will not be published. Required fields are marked *