29 Sep 2026

BREAKING NEWS

China/Economy

China cuts interest rate for policy banks to boost real economy

China’s central bank has cut the interest rate on its pledged supplemental lending (PSL) facility by 0.25 percentage points, lowering the one-year PSL rate from 1.75 per cent to 1.5 per cent.

VIEW LIVE UPDATES

Read more in the SCMP App
Subscribe to SCMP
This email was sent to [email]
Update subscription preferences

Unsubscribe | Privacy Policy | Terms & Conditions | Contact Us