PBOC cuts 1-year PSL rate to 1.5%, raises tech re-lending quota to 1.4tn yuan and sets first-home mortgage subsidies from Oct. 1

The People's Bank of China cut the 1-year Pledged Supplementary Lending (PSL) rate by 0.25pp to 1.5%, lowering funding costs for policy-bank lending tied to housing and infrastructure, and raised the relending quota for technological innovation and industrial upgrading to 1.4 trillion yuan. It also set first-home mortgage interest subsidies starting Oct. 1, per SCMP.

Detected & updated continuously · Source: Nebula