Financial Times (August 22)
2022/ 08/ 22 by jd in Global News
“China has slashed its mortgage lending rate for the second time this year as the country’s central bank seeks to limit the fallout from a liquidity crisis in the property sector.” While this may “reduce borrowing costs on new mortgages nationwide and provide a boost to the country’s debt-laden real estate sector,” it is unlikely to fix the “crisis of confidence faced by Chinese developers.”
Tags: Borrowing costs, Central bank, China, Crisis of confidence, Debt-laden, Fallout, Lending rate, Liquidity crisis, Mortgage, Property sector, Real estate, Slashed
