China cuts short-term borrowing costs

by Aurelia Butler 27 September 2024, 12:45 166 Views

SLF is a type of loan that the central bank offers to commercial banks to fulfill their temporary cash demand.

According to the People’s Bank of China, the overnight rate was cut to 2.35%, and the seven-day and one-month rates were lowered to 2.50% and 2.85%, respectively.

Source: Economy - investing.com

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China cuts short-term borrowing costs

The Fed’s Preferred Inflation Gauge Cooled in August

Traders bet on second straight 50 bps Fed rate cut in November

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