下调再贷款利率，增加再贷款额度……央行重磅发布！

Group 1 - The People's Bank of China (PBOC) has implemented multiple financial policies to support high-quality development of the real economy [1] - The PBOC has decided to lower the re-lending and re-discount rates by 0.25 percentage points, effective January 19, 2026, with new rates set at 0.95%, 1.15%, and 1.25% for 3-month, 6-month, and 1-year agricultural and small business re-lending respectively [2] - The PBOC has increased the re-lending quota for agricultural and small business support by 500 billion yuan and established a 1 trillion yuan re-lending for private enterprises to enhance financial support for small and micro enterprises [2] - An additional 400 billion yuan has been allocated to the re-lending quota for technological innovation and transformation, bringing the total to 1.2 trillion yuan, with a focus on high R&D investment private small and medium enterprises [2] Group 2 - The PBOC has expanded the carbon reduction support tool to include projects with direct carbon reduction effects, such as energy-saving renovations and green upgrades [3] - The carbon reduction support tool will operate quarterly, providing 1-year re-lending funds with an annual operation limit of 800 billion yuan [3] - The PBOC will determine quarterly operation volumes based on monetary policy needs and the loan issuance situation by financial institutions [3]