$Hang Seng Index (800000.HK)$ Financial | People's Banks rep...

$Hang Seng Index (800000.HK)$ Financial | People's Banks reportedly cut interest rates this year

The Financial Times quoted Banks of China's comments to the newspaper, stating that the central bank indicated it may lower the interest rate from the current 1.5% at an appropriate time in 2025.

The central bank pointed out that it will give priority to the role of interest rate adjustments, moving away from the quantitative goal of loan growth, which is equivalent to a shift in China's MMF policy.