China’s Central Bank Cuts Two Key Policy Rates

China’s central bank on Tuesday cut a set of policy rates, signaling a that the country’s benchmark lending rates will be trimmed later this month.

The People’s Bank of China injected 401 billion yuan ($55.24 billion) of liquidity via the one-year medium-term lending facility at an interest rate of 2.50%, down from the previous 2.65%. It also provided CNY204 billion of funds through seven-day reverse repurchase agreements at an interest rate of 1.90%, down from 1.80% previously.

The…