This adds to the slew of rate cuts and other measures from earlier. In case you missed it, Eamonn's got you covered here.
The relending facility is one that is mainly used to bolster the stock market, allowing for low-cost funding for specific purposes such as share buybacks and shareholding increases by firms.
Hence then, the article about pboc to also cut relending rate by 25 bps to 1 50 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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