The People’s Bank of China announced on Friday that it would likely reduce interest rates from the current 1.5% "at an appropriate time" this year, marking a significant shift in

China's central bank said it is likely to cut interest rates from the current level of 1.5% "at an appropriate time" in 2025, the Financial Times reported on Friday citing comments the bank made to the newspaper.

People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for credit

Good morning. China’s central bank will step up support for tech and consumers. Wall Street banks are quitting a once-popular climate alliance. And Chinese cat owners have a new use for Covid pills. Listen to the day’s top stories.

China's central bank said it will cut banks’ reserve requirement ratio and interest rates at “proper time” during a quarterly meeting of its monetary policy committee held last week, according to a statement published on Friday.

The People’s Bank of China (PBoC) is rewriting its playbook, breaking away from decades of rigid, state-controlled monetary policy. In 2025, it’s planning a game-changing interest rate cut from its current 1.