Central Bank Cuts PSL Rate by 25 Basis Points to 1.5% and Expands Scope of Support

On September 29, China's central bank cut the one-year pledged supplementary lending (PSL) rate by 25 basis points to 1.5%, expanded the scope of support to include telecommunications, logistics networks and other fields, and increased the quota for equipment renewal and technology re-lending by 200 billion yuan to 1.4 trillion yuan.

Evidence EVIDENCE

Sources 1 · Archived 0

SourceTypeReliabilityLink

李老师不是你老师

2026-09-30 15:31 · 9月29日，中国财政部宣布首套房贷每年1个百分点利息补贴，最长五年，央行同日下调PSL利率25个基点至1.5%并扩大支持范围。

First-hand ●●●●●

Original

Context CONTEXT

Cause Not recorded yet

This event Central Bank Cuts PSL Rate by 25 Basis Points to 1.5% and Expands Scope of Support 2026.09.29 · Reported

Effect Not recorded yet

Coverage of this event COVERAGE

Sayings · 2026-09-30 15:20 On September 29, China's Ministry of Finance announced an interest subsidy of 1 percentage point per year on first-home mortgages for up to five years, while the central bank cut the PSL rate by 25 basis points to 1.5% the same day and expanded the scope of support.

Report