China banks to cut interest rates in stimulus bid https://ift.tt/PYBbjxq big state-owned lenders are working on reducing rates on the majority of the nation's 38.6 trillion yuan ($5.3 trillion) of outstanding mortgages, according to people familiar with the matter. The reductions will only affect loans on first homes, two of the people said.
Wednesday, August 30, 2023
China banks to cut interest rates in stimulus bid
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