Prognosis
China Cuts Mortgage Rate, Eases Shanghai Lockdown to Lift Growth
- PBOC cuts mortgage rate floor for first-time homebuyers
- Some stores in Shanghai to resume physical services in phases
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China lowered the mortgage rate for first-time homebuyers and announced a phased reopening of shops in Shanghai, taking steps to bolster growth before figures due Monday that will illustrate the economic toll of the country’s strict Covid lockdowns.