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    19.11.2015 16:18 The People's Bank of China cuts Standing Lending Facility (SLF) interest rates

    The People's Bank of China (PBoC) lowered its seven-day Standing Lending Facility (SLF) interest rate for local financial institutions to 3.25% from 5.5%. The overnight SLF rate for some local financial institutions was cut to 2.75% from 4.5%.

    The central bank hopes with this decision to stimulate the country's economy.

    The interest rate cut would be effective from November 20.

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