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PBOC Cuts Interest Rates on Various Structural Monetary Policy Tools by 0.25 ppts
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Zou Lan, spokesperson and deputy governor of the People's Bank of China (PBOC), stated at a press conference held by the State Council Information Office that the interest rates on various structural monetary policy tools were reduced by 0.25 ppts. The one-year interest rate for various relending tools were lowered to 1.25%, with other term rates adjusted accordingly. This move aims to improve structural tools and enhance support, further aiding the transformation and optimization of the economic structure. AASTOCKS Financial News Website: www.aastocks.com |
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