PBOC Says New Personal Mortgage Loan Rate to Be Based on LPR
A commuter walks past the People’s Bank Of China (PBOC) headquarters in the financial district of Beijing, China. (Photographer: Brent Lewin/Bloomberg)

PBOC Says New Personal Mortgage Loan Rate to Be Based on LPR

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(Bloomberg) -- China’s central bank said the interest rate on new personal mortgage loans will be based on the latest monthly loan prime rate.
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