China's central bank lowers MLF interest rate and injects 200 billion yuan into the market to support the economy.

China's central bank, the People's Bank of China (PBOC), lowered the medium-term lending facility (MLF) interest rate by 20 basis points to 2.3% to reduce borrowing costs for the real economy. The PBOC also pumped 200 billion yuan ($28.04 billion) into the market via the MLF, which will mature in one year. This move is expected to support the economy by reducing financing costs and easing monetary policy.

July 25, 2024
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