Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. Photo: Reuters
China quietly cuts borrowing costs while keeping rates on hold
- The PBOC has been quietly guiding interbank borrowing costs down without actually cutting official interest rates
- The latest move is a record one-day injection of 560 billion yuan in cash into the market
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Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. Photo: Reuters
