BEIJING (Reuters) – China’s central bank said on Friday it had cut rates on its standing lending facility (SLF) loans by 10 basis points effective Jan. 17.
In a response to Reuters questions, the People’s Bank of China said it had lowered the overnight rate to 2.95% from 3.05%, the 7-day rate to 3.10% from 3.20%, and the 1-month rate to 3.45% from 3.55%.
(Reporting by the Beijing Newsroom; writing by Andrew Galbraith; editing by Mark Heinrich)
