China reduces the basic market lending rate

BEIJING, on May 20/ WAM/ China, today “Tuesday”, reduced the basic market lending rate, as the main interest rate of loans decreased for one year from 3.1 % to 3 %.

The People’s Daily Online newspaper reported that the main interest rate of loans has been reduced for more than five years, which many lenders are based on determining the mortgage rates, from 3.6 % to 3.5 %, according to the National Center for Banking.

– Khal –

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