China's central bank said on Friday it was lowering the borrowing cost of its seven-day reverse repurchase agreements, as part of the biggest stimulus package since the pandemic unveiled by Beijing this week to support the economy.

The People’s Bank of China (PBoC) said in a statement that it was cutting the rate on 300 billion yuan ($42.6 billion) of one-year medium-term lending facility (MLF) loans from 2.30% to 2.00%. The 30 basis point cut was the biggest since the central bank began using the monetary tool to guide market interest

China's central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing ramps up stimulus to pull economic growth back towards this year's roughly 5% target and fight deflationary pressures.

China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest

China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves by 50 basis points, the second reduction this year aimed at bolstering faltering economic growth. The move takes effect Friday and was flagged on Tuesday by PBOC Governor Pan Gongsheng at a press conference,

China's central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy. The People's Bank of China (PBOC) said it cut the rate on 300 billion yuan ($42.

The governor of the People's Bank of China stated that the central bank will lower the reserve requirement ratio (RRR) by 0.5 %