PBOC cuts 1-year PSL rate to 1.5% from 1.75%, raises tech re-lending quota to 1.4tn yuan

The People's Bank of China cut the 1-year Pledged Supplementary Lending (PSL) rate to 1.5% from 1.75%, lowering funding costs for policy-bank lending tied to housing and infrastructure programmes. It also raised the relending quota for technological innovation and industrial upgrading to 1.4 trillion yuan.

Detected & updated continuously · Source: Nebula