China cuts mortgage reference rate for first time in nearly 2 years

January 20, 2022 9:59 AM

SHANGHAI (REUTERS) – China cut its benchmark lending rates for corporate and household loans for a second straight month at its January fixing on Thursday (Jan 20), while lowering a mortgage reference rate for the first time in nearly two years.

Source : https://www.straitstimes.com/business/economy/china-cuts-mortgage-reference-rate-for-first-time-in-nearly-2-years