The People's Bank of China decides to lower the re-lending and re-discount rates.

On January 15th, the People's Bank of China issued a document to better play the incentive role of structural monetary policy tools, guide financial institutions to increase support for major strategies, key areas, and weak links. The People's Bank of China decided: from January 19, 2026, it will reduce the reloan and rediscount rates by 0.25 percentage points. After the reduction, the 3-month, 6-month, and 1-year period loans for agriculture and small businesses will be 0.95%, 1.15%, and 1.25% respectively, the rediscount rate will be 1.5%, the mortgage supplementary loan rate will be 1.75%, and the special structural monetary policy tools rate will be 1.25%. This article is from the People's Bank of China, edited by GMTEight: Chen Wenfang.