Central Bank Cuts Rates on Structural Monetary Policy Tools
On January 15th, at a press conference held by the State Council Information Office, Deputy Governor of the People's Bank of China Zou Lan announced a 0.25% rate cut across all structural monetary policy tools. This move highlights the policy makers' commitment to supporting economic structure optimization.
Details of the Rate Adjustment
According to official statements, one-year relending rates will be lowered to 1.25%, with rates for other terms adjusted accordingly. This adjustment aims to effectively reduce corporate financing costs and promote high-quality economic development.
Policy Context and Outlook
- Structural monetary policy tools target precise support for key areas and weak links
- This rate cut will help boost market liquidity and alleviate downward economic pressure
- The central bank plans to further refine policy instruments to assist in economic restructuring and upgrading