test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Economy | Time: Jul 1 2020 2:29PM
China's central bank to lower refinancing, rediscount rates
 
Text size
The People's Bank of China (PBOC), the country's central bank, has decided to lower refinancing and rediscount interest rates.

With effect from Wednesday, it will lower the interest rates of reloans supporting agriculture, and small firms by 0.25 percentage points, while lowering rediscount rates by 0.25 percentage points to 2 percent.

In the meantime, the PBOC will lower the interest rates of financial stability refinancing loans by 0.5 percentage points to 1.75 percent.

Source: Xinhua
Related Articles
Nation aims to nurture trade, maintain supply
China's building materials sector reports output growth in June
Import expo to grow despite coronavirus
China's industrial profits down 12.8% in H1
China's fiscal revenue up 3.2 pct in June
Economy's rebound set to continue in H2
China's agricultural product wholesale prices edge up
API data show a more than 8 million-barrel drop in U.S. crude
China's economy to expand in Q2: experts
China goods, services trade surplus tops 420b yuan
 
Research
Polyester market review in H1 2020 and market outlook
PET bottle chip market to face challenges after an ...
Spandex market review in H1 2020 and market outlook
PTA and PX market outlook in H2 2020
Analysis on production changes of global major cotton ...
Analysis on spandex for ear bands for masks in 2020
 
 

浙公网安备33010902000742号