China cuts standing lending facility interest rates
BEIJING, Sept. 27 (Xinhua) -- China's central bank on Friday reduced the standing lending facility (SLF) interest rates by 20 basis points from the July levels. The overnight, seven-day and one-month rates were lowered to 2.35 percent, 2.5 percent and 2.85 percent, the People's Bank of China (PBOC) announced.
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