Central Bank: lower the deposit reserve ratio for financial institutions by 0.5 percentage points, and lower the policy interest rate by 0.1 percentage points.

According to the financial news app, on May 7th, the People's Bank of China announced that starting from May 15, 2025, the deposit reserve ratio for financial institutions would be lowered by 0.5 percentage points (excluding financial institutions with a 5% deposit reserve ratio), and the deposit reserve ratio for auto finance companies and financial leasing companies would be lowered by 5 percentage points. At the same time, starting from May 8, 2025, the 7-day reverse repurchase operation rate in the open market would be adjusted from the previous 1.50% to 1.40%. The operation rates for 14-day reverse repurchase and temporary reverse and repurchase operations in the open market would continue to be determined by adding or subtracting points from the 7-day reverse repurchase operation rate, with the same magnitude of points.