PBOC Cuts Structural Rates by 0.25 Point as China Keeps Moderately Loose Policy
Updated
Updated · CGTN · May 11
PBOC Cuts Structural Rates by 0.25 Point as China Keeps Moderately Loose Policy
5 articles · Updated · CGTN · May 11
China's central bank said it will keep monetary policy moderately loose and has already lowered structural policy-tool rates by 0.25 percentage point in the first quarter.
The PBOC said it is calibrating policy strength, pace and timing to shifting domestic and global conditions, while using reverse repos, medium-term lending facilities and treasury bond trading to keep liquidity ample.
By end-March, outstanding total social financing rose 7.9% from a year earlier and M2 increased 8.5%, which the bank cited as evidence that financing conditions remain accommodative.
New corporate loans and new personal housing loans issued in March both carried rates of about 3.1%, as the PBOC expanded relending quotas for agriculture, small businesses and technology.
The stance extends Beijing's push to support domestic demand, tech innovation and broader high-quality development while keeping overall financing costs near historic lows.
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