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Tagged: interest rate
- BusinessPBOC Lowers Pledged Supplemental Lending Rate to 1.5% and Announces Mortgage SubsidyThe People’s Bank of China reduced the interest rate on its pledged supplemental lending (PSL) facility by 0.25 percentage points, bringing the one-year rate down to 1.5 per cent. Additionally, the central bank announced a mortgage interest subsidy for first-time homebuyers starting October 1, according to the South China Morning Post.1 min