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PBOC Deputy Governor: Rate cut applies to 90% of existing mortgages
World FX news
Breaking news
PBOC Deputy Governor: Rate cut applies to 90% of existing mortgages
New
2024.10.17 12:31
2024.10.17 12:31
2024.10.17 12:31
People's Bank of China (PBOC) Deputy Governor spoke on several topics on the supportive measures implemented to shore up the property market.
Key takeaways
On existing mortgage rate cuts -
Most stock of existing mortgage loans interest rates will be adjusted October 25.
Accounts for 90% of existing mortgages.
On lowering minimum down payment ratios -
Have observed market confidence and sales as a result.
On real estate development loans -
Will be extended until end of 2026.
Last updated
: 2024.10.17
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2024.10.17 12:30Disclaimer:
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