China's central bank cut interest rate on loans to banks by largest margin in 5 years

China's central bank yesterday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuans into the financial system to help the world's second-largest economy weather the coronavirus impact.   The People's Bank of China said, it launched a 50-billion-yuan reverse repurchase operation today and lowered the seven-day reverse repurchase rate from 2.40 per cent to 2.20 per cent. The latest move comes as governments and central ...