Even more from the PBoC

🇨🇳PBOC: TO CUT MORTGAGE RATES FOR 1ST AND 2ND HOME BY AROUND 50 BPS.

ALL COMMERCIAL BANKS MUST IN BATCHES LOWER INTEREST RATES ON ALL EXISTING MORTGAGES BY OCT 31 TO NO LESS THAN 30 BASIS POINTS BELOW PBOC'S LOAN PRIME RATE.