Efforts to narrow interest gap for housing seen paying off Borrowers who peg to prime readings on Jan 1 able to enjoy major rate cuts By WANG YING in Shanghai | China Daily | Updated: 2025-01-03 09:29

Efforts to narrow interest gap for housing seen paying off Borrowers who peg to prime readings on Jan 1 able to enjoy major rate cuts By WANG YING in Shanghai | China Daily | Updated: 2025-01-03 09:29 https://www.chinadaily.com.cn/a/202501/03/WS67773d7ca310f1265a1d8c0a.html China's implementation of adjustment mechanisms to narrow the gap between the interest rates of existing and newly issued mortgages has triggered a cut of existing home loan interest rates on the first day of 2025, and industry experts suggest there is still downward adjustment room considering the moderately loose monetary policy.