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 remarks by the People's Bank of China align with policymakers' commitment made last year towards creating a more market-driven interest rate curve. Analysts anticipate it will make further changes this year to ensure credit demand is more responsive to monetary policy moves.
This story is from the January 04, 2025 edition of Financial Express Mumbai.
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This story is from the January 04, 2025 edition of Financial Express Mumbai.
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