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PBOC: Re-loans/ Rediscount Interest Rates to Be Cut Starting Next Mon
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To better leverage the incentive role of structural monetary policy tools and guide financial institutions to enhance support for major strategies, key areas and weak links, the People's Bank of China (PBOC) decided to lower the re-loans and rediscount rates by 0.25 ppts starting next Monday (19th). After the adjustment, the interest rates for 3-month/ 6-month/ 1-year re-loans in support of agriculture and micro and small enterprises will be 0.95%/ 1.15%/ 1.25% each, with a rediscount rate of 1.5%, a pledged supplementary lending (PSL) interest rate of 1.75% and a special structural monetary policy tool rate of 1.25%. AASTOCKS Financial News Website: www.aastocks.com |
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