In China, the People's Bank announced that it would reduce its prime rate for five-year loans from 4.45% to 4.3% for mortgages.
This is due to the real estate crisis in the country.
China cuts its interest rate for mortgages to 4.3%
2022-08-22T18:55:10.821Z
In China, the People's Bank announced that it would reduce its prime rate for five-year loans from 4.45% to 4.3% for mortgages. This is | Economy | CNN