• PBOC Deputy Governor: Rate cut applies to 90% of existing mortgages

Noticias del mercado

17 octubre 2024

PBOC Deputy Governor: Rate cut applies to 90% of existing mortgages

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.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: