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# People's Bank of China Cuts Structural Tool Rates by 25bp to 1.25% to Boost Targeted Lending
- URL: https://www.theglobalbanker.com/peoples-bank-china-cuts-structural-tool-rates-25bp-1-25-boost-targeted-lending/
- Published: 2026-01-16T10:21:00.000Z
- Updated: 2026-10-24T14:37:42.000Z
- Description: The PBoC cut all structural monetary policy tool rates by 25 basis points, bringing the one-year relending facility rate to 1.25%, effective 19 January.
- Author: TGB Editorial Team
- Tags: Central Banks, Asia-Pacific, #archive

The People's Bank of China announced on 15 January 2026 that it would reduce the rates on all of its structural monetary policy instruments by 25 basis points, with the cuts to relending and rediscount rates taking effect from 19 January. The one-year relending facility rate will fall from 1.50 per cent to 1.25 per cent under the adjustment.

The reduction spans the full suite of structural instruments the PBoC maintains for directing credit to specific segments of the economy, including support tools for agriculture, small and micro enterprises, green development, technological innovation, and other policy-prioritised areas. 

#### POLICY STANCE

The PBoC has characterised its current monetary policy posture as moderately loose.