China’s Central Bank: The weighted average interest rate of new housing loans is 4.18%, 107 basis points lower than that of the same period last year

Liu Guoqiang, deputy governor of the People's Bank of China, said at the press conference of the State Council Information Office on July 14 that in the first half of the year, the People's Bank of China promoted financing costs of the real economy to go stable-to-lower. The weighted average interest rate of newly issued corporate loans was 3.96%, 25 basis points lower than the same period in the first half of the year. The weighted average interest rate of newly issued housing loans was 4.18%, 107 basis points lower than the same period of the previous year.