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August 31, 2023
17:55 pm
(Reuters)
The People’s Bank of China (the central bank) and the financial sector regulator said today, Thursday, that they will reduce the current mortgage interest rate for first home buyers as of September 31.
They added in a statement that they would hold a meeting on September 25 to revive the real estate market, which is suffering amid debt and liquidity crises.
Separately, the bank and the authority also said that the housing credit policy will witness amendments and improvements.
2023-08-31 13:55:36
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