China central bank to cut policy tool rates by 25 bps

BEIJING, Jan 15 (Reuters) - China will cut interest rates on various structural monetary policy tools by 25 basis points and boost its re-lending programme for supporting tech innovation by 400 billion yuan ($57.37 billion) to 1.2 trillion yuan, the central bank said on Thursday.

The People's Bank of China will also lower interest rates on one-year re-lending facilities to 1.25% from 1.5%, the central bank's Deputy Governor Zou Lan told a press conference.

($1 = 6.9728 Chinese yuan)