the phased interest reduction of Pratt & Whitney small and micro loans means reducing interest. According to the public information about the phased interest rate reduction policy of Pratt & Whitney Small and Micro Loans, in order to further reduce the financial cost of small and micro enterprises and effectively alleviate the interest payment pressure of small and micro enterprises under the epidemic situation, on November 9, 222, the People's Bank of China issued the phased interest rate reduction policy of Pratt & Whitney Small and Micro Loans, that is, financial institutions reduced the interest rate of Pratt & Whitney Small and Micro Loans (with normal interest) that existed, newly issued or expired in the fourth quarter of 222 on the basis of the original loan contract interest rate.