PBOC announces cuts to standing lending facility rates

The overnight standing lending facility (SLF) rate is cut by 10 bps to 2.65% while the 7-day and 1-month SLF rates are cut by 10 bps each as well to 2.80% and 3.15% respectively. This follows the medium-term lending facility (MLF) cut earlier in the day here.

This article was written by Justin Low at www.forexlive.com. Source