A sharp cut in LPR brings hope to homebuyers A sharp cut in LPR brings hope to homebuyers By China Daily - 22 February 2024 The 25-basis-point cut to over-five-year loan prime rate to 3.95 percent on 20th of Feb is good news for mortgages, and will help commercial banks to lower interest rates on first-home loans and guide more capital to private and small enterprises, industry experts said on 21st of Feb.
China's LPR drops to send positive signal to market China's LPR drops to send positive signal to market By Xinhua - 21 February 2024 The reduction in the over-five-year rate was within expectation, but the extent exceeded market expectation, analysts said, noting that the 25-basis-point drop marks the largest in recent years.
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