FINANCE

China Announces First Monetary Easing of 2026

Published: Jan. 15, 2026 5:48 p.m. GMT+8

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China’s central bank has announced cuts to interest rates on structural monetary policy tools, effective Jan. 19, and unveiled a 1 trillion yuan ($143 billion) relending facility for private enterprises, marking its first monetary easing move of 2026.

The measures were announced Thursday by the People’s Bank of China (PBOC) and follow a pledge by China’s top leadership to maintain a “moderately loose” monetary stance this year.

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China’s central bank cut rates on structural policy tools and launched a 1 trillion yuan ($143 billion) relending facility for private firms starting Jan. 19, 2026.
The relending quota for tech innovation and industry was raised by 400 billion yuan to 1.2 trillion yuan, expanding support to more small and midsize firms.
The central bank is working to lower the minimum down payment for commercial property mortgages to 30%.

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