CCTV News: In order to better play the incentive role of structural monetary policy tools and guide financial institutions to increase support for major strategies, key areas and weak links, the People's Bank of China decided to lower the re-lending interest rate by 0.25 percentage points from May 7, 2025. After the reduction, the interest rates for re-lending for 3-month, 6-month and 1-year support for agriculture and small businesses will be 1.2%, 1.4% and 1.5%, respectively, the interest rates for mortgage supplementary loans will be 2.0%, and the interest rates for special structural monetary policy tools will be 1.5%.
