Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Beijing, January 15 /Xinhua/ — The People's Bank of China (PBOC, central bank) announced a 0.25 percentage point cut in interest rates under its structural monetary policy instruments.
The one-year refinancing rate will be cut from 1.5 percent to 1.25 percent, and rates for other maturities will be adjusted accordingly, Deputy Governor of the People's Bank of China Zou Lan said at a press conference on Thursday.
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