Narrowing the corridor
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The central bank (PBoC) is gearing up to provide a touch more support to China’s flagging economy.
But it will be to little avail.
The latest: The PBoC lowered the interest rate it charges on funds lent out under its Standing Lending Facility (SLF) by 10 bps, on Tuesday.
ICYDK: The SLF is an emerg...