✉news BusinessEconomy first seen 3 h ago, last 22 min ago, peak #16

China Cuts PSL Rate and Expands Targeted Lending

Original: China Expands Targeted Lending to Bolster Economy, Cuts PSL Rate

China's central bank has expanded its pledged supplementary lending programme and cut the interest rate on it, a targeted move to channel cheap funding into priority sectors and shore up slowing growth. Bloomberg reported the policy easing, which adds to recent stimulus measures aimed at supporting the property sector and broader economy.

Why now: Beijing is rolling out fresh stimulus amid concerns over China's slowing economic growth.

ChinaPeople's Bank of ChinaBloomberg

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Evidence

• China Expands Targeted Lending to Bolster Economy, Cuts PSL Rate · Bloomberg
• China Expands Targeted Lending to Bolster Economy, Cuts PSL Rate · Bloomberg.com
• China Expands Targeted Lending to Bolster Economy, Cuts PSL Rate · Bloomberg.com

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