China cuts interest rates on standing lending facility

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] BEIJING — China’s central bank lowered the interest rates on its standing lending facility (SLF) on Monday. The overnight rate was cut by 10 basis points to 2.55 percent. The seven-day and one-month rates were each lowered by 10 basis … Continue reading China cuts interest rates on standing lending facility