China central bank cuts mortgage rate to support crisis-hit property market - Business Standard

The Peoples Bank of China PBOC lowered the fiveyear loan prime rate LPR by 15 percentage points which matches its biggest cut on record the BBC reported

China's central bank has cut its mortgage rate as officials work to support the crisis-hit property market. The People's Bank of China (PBOC) lowered the five-year loan prime rate (LPR) by 1.5 perce… [+2821 chars]

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