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China cuts key mortgage rate, ‘encouraging sign’ amid push to stabilise property market
  • Finance

China cuts key mortgage rate, ‘encouraging sign’ amid push to stabilise property market

Cs news9 months ago9 months ago02 mins

China announced on Monday it had slashed a key reference rate for mortgage loans by a quarter of a percentage point, as the country stepped up efforts to stabilise the property market. The benchmark five-year loan prime rate (LPR) was lowered from 3.85 per cent to 3.6 per cent, while the one-year lending rate was…

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