China Cuts Rates, Adds Medium-Term Funds to Counter Virus
China provided medium-term funding to banks and cut the interest rate it charges for the money as officials seek to cushion the economy from the virus epidemic.The People’s Bank of China offered 200 billion yuan ($29 billion) of one-year medium-term loans on Monday.
News story posted on 2020-02-17T03:07:00.0000000Z
