China makes biggest-ever cut to mortgage rate to boost housing market
The 25 basis point cut to the five-year LPR is the biggest reduction the central bank has made since it revamped its LPR system in 2019.
The 25 basis point cut to the five-year LPR is the biggest reduction the central bank has made since it revamped its LPR system in 2019.
In a global economy more interconnected than ever before, China’s economic health is a matter of global concern.
The People's Bank of China (PBOC) announced that the reserve requirement ratio for financial institutions would be lowered by 50 basis points, effective by January 6.
