China’s banks may quicken mortgage rate cuts says Chinese media

China Securities Daily with the opinion piece saying banks may hurry along cuts to existing mortgage rates.

Seems a little far-fetched to expect too much on this. Yesterday the People’s Bank of China left the 5 year LPR unchanged. This is the rate that mortgage rates are based on.


ps. Here is the PBOC decision yesterday:

This article was written by Eamonn Sheridan at Source