Central Bank: Cancel the first and second home commercial loan interest rate floor

On May 17, the central bank issued a notice to adjust the interest rate policy for commercial personal housing loans. 1. Cancel the lower limit of the interest rate policy for commercial personal housing loans for first and second homes at the national level. 2. The provincial branches of the People's Bank of China shall, in accordance with the principle of city-specific policy, guide the provincial market interest rate pricing self-discipline mechanism. According to the real estate market situation of each city within the jurisdiction and the local government's regulation and control requirements, independently determine whether to set the lower limit and lower level of interest rate for commercial personal housing loans in each city within the jurisdiction (if any). 3. The Banking Financial Institution Group shall, in accordance with the lower limit of interest rate determined by the provincial market interest rate pricing self-discipline mechanism (if any), and in combination with factors such as the operating conditions of the institution and the risk status of customers, reasonably determine the specific interest rate level If the previous relevant provisions are inconsistent with this notice, this notice shall prevail.