On Market View, Prime Time's Bharati Jagdish spoke with Geoff Howie, SGX Market Strategist to make sense of the week’s market sell-off and Chinese banks cutting a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid-19 lockdowns. The five-year loan prime rate, a reference for home mortgages, was lowered to 4.45% from 4.6%. 

<p>On Market View, Prime Time's Bharati Jagdish spoke with Geoff Howie, SGX Market Strategist to make sense of the week&rsquo;s market sell-off and Chinese banks cutting a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid-19 lockdowns. The five-year loan prime rate, a reference for home mortgages, was lowered to 4.45% from 4.6%.&nbsp;</p>

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

<p>From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.</p>

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