Money and business

Standard levels..the Chinese Central reduces the prices of two interest rates

The Chinese Central Bank has reduced the prices of two major interest rates to record levels, in the latest attempt to enhance growth in the shadow of commercial tensions with Washington and decline.
The Chinese People’s Bank said in a statement today, Tuesday, that the interest rate on lending for a year, which is the standard for the most interest rates that banks can provide to companies and families, was reduced from 3.1% to 3%.
He added that the rate of interest on real estate loans for a period of 5 years, which is the approved criterion for mortgage loans, reduced from 3.6% to 3.5%.

Related Articles

Back to top button