China cuts rate floors on mortgages for first-time homebuyers in pro-growth move - Global Times

China’s central bank and banking and insurance regulator on Sunday moved to lower interest rate floors on mortgages for first-time homebuyers by 20 basis points (bps) off the benchmark loan prime rate (LPR), culminating a flurry of housing market-reviving mov…

Cranes are seen at a construction site of a housing complex in Beijing on Thursday. Photo: VCG China's central bank and banking and insurance regulator on Sunday moved to lower interest rate floors … [+4833 chars]

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