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China Holds Benchmark Lending Rates Steady

Por: RTTNews Business September 20, 2023

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The People's Bank of China kept its benchmark lending rates unchanged on Wednesday after recent economic data suggested that the series of easing measures eventually started to provide positive impetus to the . After a 10 basis-point reduction in August, the one-year loan prime rate, or LPR, was kept unchanged at 3.45 percent. The five-year LPR, the benchmark for mortgage rates, was retained at 4.20 percent. The rate was last reduced by 10... + full article



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