The People’s Bank of China announced on Friday that it would likely reduce interest rates from the current 1.5% "at an appropriate time" this year, marking a significant shift in

People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for credit

China's central bank said it is likely to cut interest rates from the current level of 1.5% "at an appropriate time" in 2025, the Financial Times reported on Friday citing comments the bank made to the newspaper.

The People’s Bank of China (PBoC) is rewriting its playbook, breaking away from decades of rigid, state-controlled monetary policy. In 2025, it’s planning a game-changing interest rate cut from its current 1.