All posts tagged "interest rate"
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217Capital RegulationPBOC Cuts Benchmark Lending Rate As Economic Concerns Weigh
The PBOC pledged to help companies by lowering lending rates, increasing credit support, and ensure banking system liquidity through RRR cuts and MLF loans.
February 21, 2020 -
330JapanJapan to Launch New Benchmark Interest Rate by Mid 2021 – Report
From around Q2 this year, 'reference rates' for the new benchmark will be released as a first step, which will not be used for actual transactions.
January 31, 2020 -
600China
China to Move All Floating-Rate Loans to LPR by August
Banks and borrowers have until 31 August to renegotiate new contracts to convert existing floating-rate loans to either an LPR-based loan or a fixed interest rate.
January 2, 2020 -
682Asia-PacificThailand Eases Capital Controls to Stem Currency’s Rise
Investors are allowed to invest up to $200,000 in foreign securities without going through a Thai intermediary, and restrictions on outward fund transfers have been eased.
November 8, 2019 -
360Capital RegulationChina Criminalises Loans with Annual Interest Over 36pc
All agency fees, consulting fees, management fees and default penalties will be included in the interest rate calculation, effectively lowering the threshold.
October 23, 2019 -
191IndiaRBI Mandates External Benchmarking for Loans from October
Banks must link interest rates for retail and MSME loans to the RBI's benchmark repo rate, the 3-month or 6-month treasury yield, or any other benchmark published by FIBIL.
September 9, 2019 -
423Capital Regulation
PBOC Sets Mortgage Rate Floor to Curb Risk
The rate on mortgages for first-time home buyers must be at least the loan prime rate; for second-time home buyers it must be at least LPR plus 60bp.
August 28, 2019 -
575Australia & NZAPRA Relaxes Serviceability Assessment Standards for Mortgage Loans
Under APRA's new serviceability guidance, borrowers on a typical 4% mortgage rate can expect to be assessed at 6.25% rather than 7.25%, enabling them to immediately secure larger loans.
July 8, 2019 -
636FeatureKorea to Develop New Benchmark Interest Rate
The FSC and BOK have formed a task force to develop a new benchmark interest rate and improve the current method of calculating the existing benchmark.
June 19, 2019 -
646Australia & NZ
APRA Proposes Loosening of Mortgage Rules
APRA proposes to give ADIs more flexibility in the way they assess mortgage loan serviceability, while also increasing the maximum borrowing capacity for a given borrower.
May 22, 2019
