The People's Bank of China decided to cut the refinancing rate by 0.25 percentage points

BlockBeats reported that on May 7, the People's Bank of China decided to cut the refinancing rate by 0.25 percentage points from May 7, 2025. After the reduction, the interest rates for 3-month, 6-month, and 1-year agricultural and small-scale refinancing loans will be 1.2%, 1.4%, and 1.5%, respectively. The interest rate for mortgage supplementary loans will be 2.0%, and the interest rate for special structural monetary policy tools will be 1.5%. (Golden Ten)