September 20, 2024 02:23 GMT
CHINA PRESS: PBOC Expected To Lower Mortgagee' Repayment Pressure
CHINA PRESS
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The People’s Bank of China is expected to ease banks’ liability costs by cutting rates and the reserve requirement ratio, allowing for lower existing mortgage rates and a reduction in household repayments, said Securities Times in a commentary. The Federal Reserve rate cut could allow for stronger coordination between the PBOC's purchasing of government bonds in the open market and the Ministry of Finance accelerating the issuance of treasuries, the newspaper said. Officials use of policy banks’ financial instruments and issuing additional treasuries was also possible, the news outlet noted. However, stimulus policies can be implemented progressively if the external environment continues to improve.
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