Pan Gongsheng, governor of the People's Bank of China, said at the press conference of the State Council Information Office on May 7 that the interest rate of structural monetary policy tools was lowered by 0.25 percentage points, including: the interest rate of structural tools for various special projects and the interest rate of re-loans to support agriculture and small-scale enterprises.
2025-05-07 01:20:49
Pan Gongsheng, governor of the People's Bank of China, said at the press conference of the State Council Information Office on May 7 that the interest rate of structural monetary policy tools will be reduced by 0.25 percentage points, including: the interest rate of structural tools for various special projects and the re-loan rate for supporting agriculture and small businesses will be reduced from the current 1.75% to 1.5%; the interest rate of mortgage supplementary loans (PSL) will be reduced from the current 2.25% to 2%.
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