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China’s central bank cut the lower limit on mortgage rates for first-home buyers, a move that could revive the property market and support the cooling economy.

The People’s Bank of China said Sunday that it would allow commercial banks to reduce their mortgage rates by up to 20 basis points from the current floors, while keeping the minimum mortgage rates for second-home buyers unchanged.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.