September 1, 2015 / 3:19 AM / 2 years ago

China c.bank lends $9.5 bln via PSL to policy bank in August

BEIJING, Sept 1 (Reuters) - China's central bank said on Tuesday it made 60.4 billion yuan ($9.5 billion) in loans to China Development Bank, a major policy bank, in August via its pledged supplementary lending (PSL) policy tool.

The interest rate on the PSL was at 2.85 percent, the central bank said in a statement on its website.

Outstanding pledged supplementary lending stood at 906.8 billion yuan at the end of August, it added.

$1 = 6.3705 Chinese yuan Reporting by China economics team; Editing by Jacqueline Wong

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