People's Bank of China to cut Standing Lending Facility rate by 10bp

People's Bank of China to cut Standing Lending Facility rate by 10bp

• from May 8

The RRR cut referred to earlier will be cut from May 15

Earlier:

• PBOC Governor Pan says world is full of uncertainties - cuts rates
• PBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cut
• People's Bank of China sets 7-day reverse repo rate at 1.4% (from 1.5% previously)

• PBOC governor says will lower interest rates on structural policy tools by 25 bps

More:

• China will help A-share listed companies affected by tariffs to cope with difficulties
• China promises more local stock market support from sovereign fund

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Standing Lending Facility (SLF)

• Aimed mainly at small- and medium-sized financial institutions
• Maximum maturity has been kept at one month or below for the past years