The People's Bank of China has lowered the standing lending facility rate by 10 basis points
According to the website of the People's Bank of China, starting from May 8, the overnight Standing Lending Facility (SLF) rate will be lowered from 2.35% to 2.25%; the 7-day SLF rate will be reduced from 2.50% to 2.40%; and the 1-month SLF rate will be lowered from 2.85% to 2.75%. The last adjustment was on September 27
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