Published: 6:11pm, 29 Sep, 2026
China's central bank has cut the interest rate on its pledged supplemental lending (PSL) facility by 0.25 percentage points, lowering the one-year PSL rate from 1.75 per cent to 1.5 per cent.
The move aims to better incentivise policy banks to support the real economy and align with national strategic priorities, according to an announcement made by People's Bank of China on Tuesday.
ADVERTISEMENT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
