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China’s Move to Hold Mortgage-Linked Rate Seen as ‘Puzzling’
The five-year loan prime rate was unexpectedly held steady at 4.2% on Monday, according to data from the People’s Bank of China. Most economists had predicted the rate to be cut by 15 basis points following a similar reduction last week to an important central bank policy loan rate. That was seen as precursor for a cut to the 5-year LPR.
https://www.bloomberg.com/news/artic...rope#xj4y7vzkg
China’s Move to Hold Mortgage-Linked Rate Seen as ‘Puzzling’
- 1-year LPR rate lowered by 10 basis points, less than expected
- Moves seen as ‘optimized’ strategy on property sector
The five-year loan prime rate was unexpectedly held steady at 4.2% on Monday, according to data from the People’s Bank of China. Most economists had predicted the rate to be cut by 15 basis points following a similar reduction last week to an important central bank policy loan rate. That was seen as precursor for a cut to the 5-year LPR.
https://www.bloomberg.com/news/artic...rope#xj4y7vzkg
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