EL7.AI
Central BanksMedium•11 November 2026•
1 min read

PBOC Cuts Lending Rate in Q3 Monetary Policy Implementation Report

Key Facts

1The People's Bank of China released its Q3 monetary policy report, confirming a continued moderately accommodative stance.
2The central bank cut the Policy-backed Securities Lending rate by 0.25 percentage points.

The People's Bank of China (PBOC) released its Q3 2026 monetary policy implementation report, confirming a continued moderately accommodative stance. Futu Niuniu reported that the central bank cut the Policy-backed Securities Lending rate by 0.25 percentage points and increased re-lending quotas to provide targeted liquidity for technological innovation and the agricultural sector.

This policy direction follows BACHY closing at $19.75 on November 10, 2026, with the stock reaching a day high of $20 and a low of $19.52. These measures coincide with economic data showing China's annual inflation rate at 0.7% on November 9, 2026, while the trade balance reached 105.28 billion on November 10, 2026.

New Loans data for China is scheduled for release on November 13, 2026, which will provide further insight into credit levels following the latest monetary policy adjustments.