China's central bank indicated its intention to lower interest rates in 2025, aiming to stimulate credit demand and shift towards a market-driven interest rate system. This move reflects a broader policy shift to transition the Chinese economy away from state-directed bank lending.
China ’s central bank signaled that it is likely to cut interest rates from the current level of 1.5 percent at an appropriate time in 2025. The Financial Times reported the news. This move aligns with the policymakers’ commitment made last year towards creating a more market-driven interest rate curve. The People’s Bank of China (PBOC) said that it would prioritize “the role of interest rate adjustments” and move away from “quantitative objectives” for loan growth .
Analysts anticipate further changes this year to ensure credit demand is more responsive to monetary policy moves. The PBOC’s remarks underline a broader plan to overhaul its policy framework to transition the world’s second-largest economy away from state-directed bank lending. China’s 10-year and 30-year treasury yields both hit record lows on Friday on expectations of fresh monetary easing
Monetary Policy Interest Rates China Economic Reform Loan Growth
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