Economics
China Cuts Another Policy Rate, Replaces Some Maturing Loans
- Cost of targeted funds down to 2.95% from January’s 3.15% rate
- PBOC has ensured ample liquidity with flurry of tools in 2020
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China’s central bank rolled over some of the targeted funds due Friday while cutting interest rates on the loans, the latest in a string of measures aimed at ensuring sufficient liquidity.