SHANGHAI—China’s central bank cut the interest rate on its one-year medium-term lending facility (MLF) loans on Nov. 5 for the first time since early 2016, as policymakers work to prop up a slowing economy hit by weaker demand at home and abroad.
Analysts said the cut, while modest, may be a sign the central bank is turning more proactive and is looking to ease investor worries that higher inflation will prevent it from delivering fresh stimulus measures.
