【Central Bank Introduces Price-Based Policies - Reduces Structural Monetary Policy Tools and Housing Provident Fund Loan Interest Rates】① The policy interest rate was lowered by 0.1 percentage point, with the 7-day reverse repo operation rate in the open market reduced from 1.5% to 1.4%, which is expected to drive the Loan Prime Rate (LPR) to decline by approximately 0.1 percentage point in tandem. ② The interest rates of structural monetary policy tools were lowered by 0.25 percentage point, including: interest rates for various special structural tools and re-lending rates for supporting agriculture and small businesses, all reduced from the current 1.75% to 1.5%; the interest rate for Pledged Supplementary Lending (PSL) was reduced from the current 2.25% to 2%. ③ The interest rates for individual housing provident fund loans were lowered by 0.25 percentage point, with the interest rate for first-time home purchases with a loan term exceeding five years reduced from 2.85% to 2.6%, and interest rates for other loan terms adjusted accordingly.