A scale model of apartment buildings built by the property developer Yango in Xuchang city in Henan province on February 19, 2019. The showroom was the scene of a protest by investors on the same day. Photo: REUTERS

China’s central bank is pushing commercial lenders to hold mortgage rates steady to curb the growth of home loans

  • A state-owned bank has increased mortgage rates for first-home buyers, with borrowers now paying about 5.15 per cent, up from about 4.9 per cent
  • China’s household leverage ratio rose to 53.2 per cent at the end of 2018 from 17.9 per cent in 2008
Topic |   People’s Bank of China

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A scale model of apartment buildings built by the property developer Yango in Xuchang city in Henan province on February 19, 2019. The showroom was the scene of a protest by investors on the same day. Photo: REUTERS
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