(Reuters) – China's central bank said it is likely to cut interest rates from the current level of 1.5% “at the appropriate time” in 2025, the Financial Times reported on Friday, citing comments the bank made to the newspaper.
The People's Bank of China said it would prioritize “the role of interest rate adjustments” and move away from “quantitative targets” for loan growth in what could amount to a shift in Chinese monetary policy.
