The People's Bank of China's Monetary Policy Department Director Zou L

Published: Sep 20, 2023 14:24

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The People's Bank of China's Monetary Policy Department Director Zou Lan said at a press conference held by the State Council Information Office today that the reduction of existing housing loan interest rates can save residents' interest burden and significantly enhance their consumption power. This policy adjustment is beneficial in the medium and long term, and can reduce expenses for families who have taken out loans with higher interest rates in recent years, support the improvement of residents' consumption power, and effectively promote consumption growth. Next, the People's Bank of China will continue to closely monitor market dynamics, maintain market competition order, and promote the smooth and orderly implementation of the adjustment of existing housing loan interest rates.

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