✉news BusinessEconomy first seen 1 d ago, last 1 d ago, peak #16
China Expands Targeted Lending and Cuts PSL Rate
Original: China Expands Targeted Lending to Bolster Economy, Cuts PSL Rate
China's central bank has widened its pledged supplementary lending programme and lowered the interest rate on it, stepping up targeted support for the slowing economy. The move channels cheap long-term funding to policy banks, which typically finance infrastructure and housing projects. Analysts view it as another sign Beijing is ramping up monetary stimulus to shore up growth and property-sector activity.
Why now: The rate cut and expanded lending signal fresh Chinese stimulus at a time of concern over the country's economic slowdown.
ChinaPeople's Bank of ChinaPSL
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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