China banks to cut interest rates in stimulus bid - Jobs World

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Wednesday, August 30, 2023

China banks to cut interest rates in stimulus bid

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.

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