FILE PHOTO: A woman wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee/File Photo
The move should pave the way for a similar reduction to the country’s benchmark loan prime rate , which will be announced on the 20th, to lower financing costs for companies hit by pandemic. The cut came largely in line with market expectations, as economists believe the central bank would keep its yield curve steady by lowering the MLF rate by the same margin as the cut to the 7-day reverse repo rate in late March.
Global central banks have rolled out unprecedented stimulus measures in the past few weeks, cutting rates sharply and injecting trillions of dollars to backstop their economies as many countries have been put under tight lockdowns to contain the pandemic.There is no MLF loans due to expire on the day, though a batch of 200 billion yuan worth of such loans is maturing on Friday.
Hong Kong Protestors? GONE. This list is extensive. This was no accident. ChineseBioterrorism HoldChinaAccountable
Ah, media.... the mouthpiece for the Communist Chinese Regime.
dirtychina must be destroyed makechinapay BoycottChina
除了存款利率能降的都已经降了，MLF、LPR、存款准备金。存款利率好几年都没有调整过了，这涉及到了民生，还需要仔细考量。不过，工具传导不好的话，下调存款利率也是迟早的事。