#China's Central Bank Has Cut Its Mortgage Rate as Officials Work to Support the ... - Latest Tweet by IANS India

#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 percentage points, which matches its biggest cut on record, the BBC reported. pic.twitter.com/St8JG6zLh2— IANS (@ians_india) August 22, 2022

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