January 11, 2023 01:46 GMT
RRR And LPR Cuts Expected In 2023 - China Securities Journal
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In 2023, further cuts to the reserve requirement ratio (RRR) and the over-five-year Loan Prime Rate (LPR) can be expected, as authorities implement “accurate and forceful” monetary policy, according to experts cited by China Securities Journal. To support the real estate sector, cuts to the over-five-year LPR are likely, with Beijing conducting "targeted rate reduction" to help with the property sector recovery. On the demand side, conditions for buyers will be promoted, such as lowering down payment ratios and reducing the interest rate of mortgage loans. Stable economic growth and employment are the current primary focus of policy makers, the paper said citing experts.