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China Holds Key Lending Rates As Expected

Por: RTTNews Business November 20, 2023

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China's central bank left its benchmark lending rates unchanged on Monday as any additional easing could weaken the currency. As expected, the People's Bank of China kept the one-year loan prime rate, or LPR, unchanged at 3.45 percent. Previously, the bank had lowered the rate by 10 basis points in August. The five-year LPR, the benchmark for mortgage rates, was retained at 4.20 percent for the fifth consecutive time. The Chinese... + full article



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