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>

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

<p>Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.</p>

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