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SHANGHAI (Reuters) – China’s central bank said on Wednesday it has lowered the borrowing cost of its medium-term loans.
The People’s Bank of China (PBOC) said it cut the rate on 300 billion yuan ($42.66 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions to 2.00% from 2.30%.
($1 = 7.0318 )
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https://www.investing.com/news/economy-news/china-central-bank-cuts-mediumterm-loan-rate-3631040
Reuters
