March 22, 2023 00:27 GMT
RRR Cut Indirectly Supports Property - Cailian
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The People's Bank of China (PBOC) move to lower the reserve requirement ratio (RRR) will support the real estate market by improving wider economic conditions and boosting house buyer sentiment, according to news outlet Cailian. Analysts said while not directly aimed at the real estate sector, RRR cuts historically had boosted the market by easing financial conditions for developers. The foundation of the property recovery is not solid and the latest RRR cut does not rule out more targeted interest rate cuts for the sector in the near future, the news outlet said.