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China's central bank keeps medium-term loan rate unchanged amid yuan weakness

CNBC
Summary
Nutrition label

90% Informative

China kept its medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ( $124.26 billion ) worth of one-year loans to some financial institutions.

The yuan has come under pressure following Donald Trump's victory in the U.S. presidential election.

The offshore yuan has lost about 3.3% against the dollar since Sep. 24 when Beijing started the initial round of stimulus announcements.

VR Score

96

Informative language

98

Neutral language

83

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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