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

(Reuters) – China’s central bank said it was 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 People’s Bank of China said it would prioritize “the role of interest rate adjustment” and move away from “quantitative targets” for credit growth which would mean a transformation of China’s monetary policy.