.jpg&h=410&w=728&q=75&v=cbc516b2b4&c=1)
PBOC offers stimulus relief for mortgages, cuts RRR for banks
Outstanding mortgage rates for individual borrowers will be cut by 0.5%, potentially helping around 50 million households, while the reserve requirement ratio (RRR) for most banks will also be cut by 0.5%.
September 24, 2024