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China Maintains Benchmark Lending Rates

Por: RTTNews Business May 22, 2023

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China's central bank left its key interest rates unchanged on Monday despite strengthening calls for monetary policy easing to support economic growth amid a notable slowdown in inflation. The People's Bank of China retained its one-year loan prime rate, or LPR, at 3.65 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was left unchanged at 4.30 percent.The LPR is fixed monthly based on the submission of 18 banks,... + full article



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