BEIJING, Jan 15 (Reuters) – China will cut interest rates on various structural monetary policy tools by 25 basis points and boost its re-lending programme for supporting tech innovation by 400 billion yuan ($57.37 billion) to 1.2 trillion yuan, the central bank said on Thursday.
The People’s Bank of China will also lower interest rates on one-year re-lending facilities to 1.25% from 1.5%, the central bank’s Deputy Governor Zou Lan told a press conference.
($1 = 6.9728 Chinese yuan)
(Reporting by Kevin Yao; Editing by Jacqueline Wong)
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