China’s central bank might cut interest rates from current level of 1.5% in 2025, FT reports

(Reuters) – China’s central bank said it was likely it would 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 People’s Bank of China said that it would prioritise “the role of interest rate adjustments” and move away from “quantitative objectives” for loan growth in what would amount to a transformation of Chinese monetary policy.

(Reporting by Mrinmay Dey in Bengaluru; Editing by Christopher Cushing)