China Central Bank Says Existing Mortgage Rates Can Be Lowered From Sept 25
Portfolio Pulse from Benzinga Newsdesk
China's central bank has announced that existing mortgage rates can be lowered from September 25. This move could potentially stimulate the housing market and overall economy.
August 31, 2023 | 12:12 pm
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POSITIVE IMPACT
The announcement by China's central bank could potentially stimulate the housing market and overall economy, which may have a positive impact on the iShares China Large-Cap ETF (FXI).
The lowering of mortgage rates could stimulate the housing market and overall economy in China. As FXI tracks the performance of the largest companies in China's equity market, a boost in the economy could potentially lead to an increase in the ETF's value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70