China lowers MLF interest rate to reduce financing costs

BEIJING, July 25 (Xinhua) -- China's central bank on Thursday lowered the medium-term lending facility (MLF) interest rate to decrease the borrowing costs of the real economy.

The People's Bank of China (PBOC) on Thursday also pumped 200 billion yuan (28.04 billion U.S. dollars) into the market via the MLF, which will mature in one year at an interest rate of 2.3 percent, 20 basis points lower than the previous