Yet another targeted easing measure from China's central bank.
The 14-day repo rate, a gauge of short-term funding costs, was cut 0.2 percentage points to a three-year low of 3.5 per cent on Thursday, a day after reports emerged that the central bank would inject Rmb500bn ($81bn) of short-term liquidity into the top five commercial banks.
China's 10-year bond yield promptly fell 3 basis points to 4.20 per cent, the lowest since Aug. 18 and down from a 2014 average of 4.34 per cent.
您已阅读23%（484字），剩余77%（1631字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。