China Central Bank
China Central Bank News
China's central bank cuts medium-term borrowing costs by 20 bps; steps up fight against coronavirus pandemic
The People’s Bank of China (PBOC) said it was lowering the one-year medium-term lending facility (MLF) loans to financial institutions to 2.95 percent, the lowest level since the liquidity tool was introduced in September 2014, down 20 basis point from 3.15 percent previously.
The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) tumbled to 40.3 last month, the lowest level since the survey began in 2004, and down sharply from the 51.1 reading in January as well
Sensex dropped nearly 350 points from yesterday's close to touch a low of 25,687.69
Market breadth ended weak with 1,506 stocks declining against 1,214 advances on BSE.