China’s state banks are confronting a margin squeeze as they adhere to a demand for reducing mortgages to support a struggling property market. Although rate cuts are aimed at stimulating economic growth, this move poses a challenge to banks that rely on interest income. As they comply with the call to slash rates, they must find ways to maintain profitability amidst growing concerns over a potential financial impact.
As interest rate hikes in 2023 loom, homeowners are growing concerned about the impact on their home loans. In this article, our experts provide invaluable tips on how to save money amidst rising rates. Discover strategies to refinance, negotiate with lenders, and make timely repayments to safeguard your financial future.