According to a circular on the PBOC website, the regular first-quarter monetary policy committee meeting decided that the economic and financial situations were stable.
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中国人民银行在其网站上宣布,从周二起,基准的一年期贷款利率将下调0.27个百分点,至7.2%。
The benchmark one-year lending rate will fall 0.27 percentage point to 7.2% from Tuesday, the People's Bank of China said on its Web site.