China's banks may quicken mortgage rate cuts says Chinese media

<p>China Securities Daily with the opinion piece saying banks may hurry along cuts to existing mortgage rates. </p><p>Seems a little far-fetched to expect too much on this. Yesterday the People's Bank of China left the 5 year LPR unchanged. This is the rate that mortgage rates are based on. </p><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/china-cut-only-one-loan-prime-rate-and-less-than-expected-heres-why-20230821/" target="_self">China cut only one Loan Prime Rate, and less than expected – here's why</a></li></ul><p>ps. Here is the PBOC decision yesterday:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-loan-prime-rates-lpr-cut-1-year-345-prior-355-5-year-42-prior-420-20230821/" target="_blank" data-article-link="true">PBOC Loan Prime Rates (LPR) CUT: 1-year 3.45% (prior 3.55%) &amp; 5 year 4.2% (prior 4.20%)</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.