China's central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct. 31, as part of sweeping policies to support the country's beleaguered property market as the economy slows.

The People’s Bank of China has cut its main policy rate and its reserve requirement ratios (RRRs) for banks, as part of the economic stimulus package it unveiled earlier this week.

The People’s Bank of China delivered another policy rate cut, a day after announcing a slew of monetary easing measures to aid the economy amid concerns that Beijing’s annual growth target is increasingly out of reach.

China’s central bank announced it will inject one-year liquidity to domestic lenders on Sept. 25, marking a third delay amid a broad overhaul of its policy toolkit.

The new actions show the government's resolve to get growth back on track — but also the limits of the policy tools it's willing to use to achieve that goal.

The People’s Bank of China delivered another policy rate cut, a day after announcing a slew of monetary-easing measures.

The People's Bank of China (PBOC) told commercial banks on Sunday to start lowering interest rates on all existing housing loans, in a sweeping move to help lighten the mortgage burden on households hit by a slowing economy.

Chinas central bank announced on Sunday that it will instruct commercial banks to reduce mortgage rates for existing home loans before October 31. This is part of a broader effort to support the countrys