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People's Bank of China: Lowering Rates of Various Structural Monetary Policy Tools by 0.25 Percentage Points
Summary: According to Jinshi data, People's Bank of China spokesperson and deputy governor Zou Lan stated at a State Council Information Office press conference on January 15 that the rates of various structural monetary policy tools will be lowered by 0.25 percentage points, with the one-year benchmark rate for various re-lending facilities reduced to 1.25%, and ...
According to Jinshi data, People's Bank of China spokesperson and deputy governor Zou Lan stated at a State Council Information Office press conference on January 15 that the rates of various structural monetary policy tools will be lowered by 0.25 percentage points, with the one-year benchmark rate for various re-lending facilities reduced to 1.25%, and rates for other terms adjusted accordingly. This move aims to improve structural tools and increase support to further facilitate economic structural transformation and optimization.
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Link: People's Bank of China: Lowering Rates of Various Structural Monetary Policy Tools by 0.25 Percentage Points [Copy]
