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China cuts borrowing cost of standing lending facility by 20 bps

China cuts borrowing cost of standing lending facility by 20 bps

News
Adam Button
27/09/2024 | 12:47 GMT
  • 20 bps cut across all tenors
People's Bank of China

The PBOC continues to deliver on easing.

The SLF cuts are to the overnight, seven-day and one-month facility to 2.35%, 2.50% and 2.85%, respectively.

Between this and the PCE report, risk assets are jumping.

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