The People’s Bank of China (PBOC) is expected to further reduce the reserve requirement ratio (RRR) and the over-five-year Loan Prime Rate (LPR) in 2023, “as authorities adopt “accurate and powerful” monetary policy,” according to China Securities Journal, citing experts.
“Cuts to the over-five-year LPR are anticipated to benefit the real estate industry, with Beijing executing “targeted rate reductions” to aid in the property sector’s revival.”
“On the demand side, conditions for purchasers will be fostered, such as reduced down payment percentages and cheaper home loan interest rates.”
“Policymakers’ current principal focus is on stable economic development and jobs.”
