PBOC Slashes PSL Rates by 0.25 Percentage Point to 1.5%
· Business · Forex Factory
The People's Bank of China has reduced its pledged supplementary lending rates by 0.25 percentage point, bringing the one-year rate down to 1.5%. The move is part of a broader economic stimulus package introduced to counter worsening growth momentum in the country. Alongside the rate cut, Beijing unveiled new mortgage subsidies to spur activity in the property sector. The policy shift signals an aggressive monetary stance by authorities to support the domestic economy.
Why it matters
The monetary easing directly impacts China's property developers and banking sector, while influencing broader commodity markets and regional trade dynamics across Asia.
Read the original report — Forex Factory
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.