China’s central bank has announced a cut in interest rates on all structural monetary policy tools by 0.25 pp as it implements a moderately accommodative policy.
The one-year relending rate will be cut from 1.5 per cent to 1.25 per cent, with rates for other maturities adjusted.
The quota of key structural monetary instruments will grow.
There is scope this year for benchmark interest rate and RRR cuts.
The one-year relending rate will be cut from 1.5 per cent to 1.25 per cent, with rates for other maturities adjusted.
The quota of key structural monetary instruments will grow.
There is scope this year for benchmark interest rate and RRR cuts.
