Central Bank: Reduces the interest rates of various structural monetary policy tools by 0.25 percentage points
The People's Bank of China announced a reduction of 0.25 percentage points in the interest rates of various structural monetary policy tools, bringing the one-year relending rate down to 1.25%. This move aims to improve structural tools and increase support to further promote economic structural transformation and optimization
On January 15th, the spokesperson and vice president of the People's Bank of China, Zou Lan, stated at a press conference held by the State Council Information Office that the interest rates of various structural monetary policy tools will be lowered by 0.25 percentage points, with the one-year interest rate for various relending facilities reduced to 1.25%, and the rates for other terms adjusted accordingly. The structural tools will be improved and support will be increased to further assist in the optimization of economic structure transformation.
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