Chinese Central Bank Cuts Mortgage Rates to Support Property Crisis
22 Aug 2022 1 minute read 0 comments AverageVancouverite
Amid a growing property crisis, the People's Bank of China (PBOC) announced that 5-year loan prime rates will be slashed by 15 basis-points to 4.2% while 1-year loan prime rates, which is often used for corporate loans, will be decreased from 3.7% to...