China central bank to cut policy tool rates by 25 bps
BY Reuters | ECONOMIC | 01/15/26 02:28 AM ESTBEIJING, Jan 15 (Reuters) - China will cut interest rates on various ?structural monetary policy ?tools by 25 basis points ?and boost ?its ?re-lending programme for ?supporting tech innovation ?by 400 billion yuan ($57.37 billion) ?to ?1.2 ?trillion yuan, the central bank said on Thursday.
The ?People's Bank of China will also lower interest rates ?on one-year ?re-lending facilities to 1.25% ?from 1.5%, the central bank's Deputy Governor Zou Lan told a press conference.
($1 = ?6.9728 Chinese yuan) (Reporting by Kevin Yao; Editing ?by Jacqueline Wong)
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