China to cut interest rates on standing lending facility loans on Jan 21 - sources

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SHANGHAI : China's central bank will cut interest rates on its standing lending facility loans for all tenors on Friday, three sources with direct knowledge of the matter said, following similar reductions in other liquidity tools.The borrowing cost on overnight, seven-day and one-month loans will be lowe

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SHANGHAI : China's central bank will cut interest rates on its standing lending facility loans for all tenors on Friday, three sources with direct knowledge of the matter said, following similar reductions in other liquidity tools.

The borrowing cost on overnight, seven-day and one-month loans will be lowered by 10 basis points to 2.95per cent, 3.10per cent and 3.45per cent, respectively, according to the sources.

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