China's central bank reduced its medium-term borrowing cost on Wednesday, in an attempt to mitigate the downturn caused by the coronavirus pandemic.
The People's Bank of China on Wednesday said it trimmed the one-year medium-term lending facility, or MLF, rate to 2.95 percent from 3.15 percent. The bank injected CNY 100 billion through the MLF operation.
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Business News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.