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Updated · Bloomberg · May 26China Cuts 1-Year Policy Loan Rate to 1.45% to Boost Slowing Economy
1 articles · Updated · Bloomberg · May 26
- Some Chinese banks borrowed from the PBOC’s one-year medium-term lending facility at 1.45% in May, a record low and down from 1.5% in April.
- The 5-basis-point drop signals Beijing is stepping up support for an economy that is losing momentum.
- The May move follows another 5-basis-point reduction in January, extending this year’s easing in the key policy lending tool.
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