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MNI BRIEF: PBOC To Ensure A Stable And Healthy Property Market

MNI (Singapore)
PolicyFiscalGovernment sectorAPACChinaPBOCBriefPolitical RiskStoryPolicy StoryRegionCentral Bank
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The People’s Bank of China will promote a stable and healthy property market while working against excess speculation in the sector, said Pan Gongsheng, deputy governor of the central bank, at a briefing on Thursday.

The house market is recovering as pandemic curbs ease and mortgage rates go down led by a lower reference Loan Prime Rate for five-year and above tenors, Pan noted, predicting the housing demand would remain robust in the long term.

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The People’s Bank of China will promote a stable and healthy property market while working against excess speculation in the sector, said Pan Gongsheng, deputy governor of the central bank, at a briefing on Thursday.

The house market is recovering as pandemic curbs ease and mortgage rates go down led by a lower reference Loan Prime Rate for five-year and above tenors, Pan noted, predicting the housing demand would remain robust in the long term.

Keep reading...Show less