The People's Bank of China lowered the interest rate on pledged supplementary lending (PSL) by 0.25 percentage points. The one-year PSL rate was reduced from 1.75% to 1.5%, better incentivizing policy banks to support the real economy and serve natio

2026-09-29

The People's Bank of China lowered the interest rate on pledged supplementary lending (PSL) by 0.25 percentage points. The one-year PSL rate was reduced from 1.75% to 1.5%, better incentivizing policy banks to support the real economy and serve national strategies.