ABU DHABI / AD MEDIA OFFICE The Sheikh Zayed Book Award (SZBA), organised by the ...
Read More »PBOC slashes interest for one year loans to support banks
Bloomberg China’s central bank provided medium-term funding to commercial lenders and cut the interest rate it charges for the money, a move widely anticipated by analysts to cushion the economy from the virus epidemic. The People’s Bank of China offered 200 billion yuan ($29 billion) of one-year medium-term loans on Monday. The rate was lowered by 10 basis points to ...
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