China to cut existing mortgage rates by end of Oct.
China to cut existing mortgage rates by the end of October
China's central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct. 31, as part of sweeping policies to support the country's beleaguered property market as the economy slows.
China’s central bank cuts existing mortgage rates amid efforts to support property market
China's central bank on Sunday adjusted the pricing mechanism for mortgage rates, as the country aims to lower the financial burden on property owners. In accordance with the central bank's guidance,
China’s Central Bank Adds to Easing Blitz With Another Rate Cut
The People’s Bank of China delivered another policy rate cut, a day after announcing a slew of monetary easing measures to aid the economy amid concerns that Beijing’s annual growth target is increasingly out of reach.
China Central Bank Cuts Seven-Day Reverse Repo Rate to Aid Economy
SHANGHAI (Reuters) -China's central bank said on Friday it was lowering the borrowing cost of its seven-day reverse repurchase agreements, as part of the biggest stimulus package since the pandemic unveiled by Beijing this week to support the economy.
The People's Bank of China Joins the Rate-Cut Party. Brace for More Stimulus.
China's central bank followed the Federal Reserve's lead by cutting interest rates on Monday. It also revealed it's planning to hold a rare briefing on the economy, sparking gossip about whether Beijing could be about to push the boat up in a bid to boost growth.
China to cut existing mortgage rates by end-Oct, cities ease home-buying curbs
China's central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct. 31, as part of sweeping policies to support the country's beleaguered property market as the economy slows.
China Moves to Cut Mortgage Rates to Revive Housing Market
China took steps to lower borrowing costs on as much as $5.3 trillion in mortgages for millions of families in its latest attempt to shore up the troubled property sector.
China's top banks to tweak mortgage rates to boost housing market
Six of China's biggest banks said they would tweak interest rates on existing mortgages following a request to lower them from Beijing's central bank, state media said Monday, as the
China tells banks to start cutting rates on existing mortgages
The People's Bank of China (PBOC) told commercial banks on Sunday to start lowering interest rates on all existing housing loans, in a sweeping move to help lighten the mortgage burden on households hit by a slowing economy.
China Central Bank Directs Mortgage Rate Cuts to Revitalize Property Market
Chinas central bank announced on Sunday that it will instruct commercial banks to reduce mortgage rates for existing home loans before October 31. This is part of a broader effort to support the countrys
China's central bank buys 200 billion yuan of sovereign bonds in September
The Chinese central bank said on Monday it had bought 200 billion yuan ($28.52 billion) of the country's government bonds in ...
As the People's Republic of China turns 75, a legacy of economic success faces challenges
The bursting of China's economic bubble has exposed deep vulnerabilities in the Chinese Communist Party  — and threatens Xi ...
The Economist6d
China’s central bank tries to save the economy—and the stockmarket
A s China’s economy has descended into deflation, the central bank’s lack of urgency has been a source of frustration for ...
Zawya16h
China's central bank buys $28.52bln of sovereign bonds in September
The People's Bank of China said the operation was to "strengthen counter-cyclical adjustment of monetary policy and keep banking system liquidity reasonably ample" ...
Axios6d
China's central bank goes big with monetary easing
The new actions show the government's resolve to get growth back on track — but also the limits of the policy tools it's ...
China stimulus may spur buying in overseas equities, Bank of America says
China’s recent stimulus measures may spur buying in overseas stocks, including in emerging markets and commodities, Bank of ...
China’s Central Bank Adds to Easing Blitz
The People’s Bank of China delivered another policy rate cut, a day after announcing a slew of monetary-easing measures.
China Internet Information Center1d
China unveils raft of measures to stabilize property market
The People's Bank of China and the National Financial Regulatory Administration rolled out a wave of policies on Sunday to ...