Core Viewpoint - The People's Bank of China has implemented its first structural interest rate cut of the year, reducing the re-lending and re-discount rates by 0.25 percentage points to stimulate credit growth in key sectors and support economic restructuring [4]. Group 1: Interest Rate Changes - The re-lending rates for 3-month, 6-month, and 1-year terms have been set at 0.95%, 1.15%, and 1.25% respectively [4]. - The re-discount rate has been adjusted to 1.5%, while the mortgage supplementary loan rate is now 1.75% [4]. - The special structural monetary policy tool rate has been established at 1.25% [4]. Group 2: Economic Implications - The reduction in borrowing costs for banks is expected to enhance their willingness to lend in priority areas, thereby aiding in the optimization of economic structure [4].
新华社权威快报丨年内首次结构性“降息”落地
Xin Hua Wang·2026-01-19 00:03