China's central bank cuts SLF interest rates for local branches
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China's central bank said Thursday it will cut the interest rates of standing lending facility (SLF), a liquidity support tool, for its local branches.

The interest rates of overnight and seven-day SLFs for local financial institutions will be reduced to 2.75 percent and 3.25 percent respectively beginning from Friday, the People's Bank of China announced.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan