Key rate eases on PBOC’s sta­ble mone­tary pol­icy

China Daily (Canada) - - BUSINESS -

China’s bench­mark money-mar­ket rate fell for a fifth day as the cen­tral bank re­it­er­ated it will work to lower cor­po­rate fi­nanc­ing costs to help spur eco­nomic growth. The Peo­ple’s Bank of China will keep mone­tary pol­icy sta­ble and con­tinue to adopt tar­geted mea­sures to pro­vide fi­nan­cial sup­port to ru­ral ar­eas and small busi­nesses, ac­cord­ing to a state­ment on its web­site onWed­nes­day, cit­ing a meet­ing at­tended by branch chiefs and led by Gov­er­nor Zhou Xiaochuan.

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