The People's Bank of China (PBOC) has decided to cut interest rates for relending and rediscount facilities and the policy took effect on Monday.
In a strategic move to enhance financial support for major initiatives, key sectors, and vulnerable areas, the PBOC has lowered the rates by 0.25 percentage points.
After the reduction, the interest rates for relending aimed at supporting agriculture and small businesses are as follows: 0.95 percent for 3-month loans, 1.15 percent for 6-month loans, and 1.25 percent for 1-year loans. Additionally, the rediscount rate has been set at 1.5 percent, the mortgage supplementary loan rate stands at 1.75 percent, and the interest rate for special structural monetary policy tools is now 1.25 percent.
First structural rate cuts policy of 2026 takes effect
At least 20 people were killed and 57 others injured in Israeli airstrikes across Lebanon over the past 24 hours, according to official figures released on Friday.
The latest casualties bring the cumulative death toll to 1,021, with a total of 2,641 people wounded since the escalation of hostilities on March 2.
Meanwhile, displacement continues to rise sharply as ongoing strikes force more residents to flee their homes. A total of 134,616 displaced people are currently sheltering in 644 centers across the country, the figures show.
Efforts to accommodate displaced populations remain under strain as the humanitarian situation deteriorates amid continued airstrikes.
Hezbollah entered the confrontation on March 2 by launching rockets from southern Lebanon toward Israel for the first time since a ceasefire on Nov. 27, 2024, prompting Israel to carry out an intensified military campaign targeting multiple areas across the country.
Israeli airstrikes in Lebanon kill 20, bring total fatalities to 1,021
