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First benchmark lending rate cut in 20 months
China lowered one-year benchmark lending rates - Loan Prime Rate (LPR) - for the first time in 20 months to boost the economy.
The one-year LPR was lowered by 5 basis points to 3.80% from 3.85% previously, while the five-year LPR was kept unchanged at 4.65%. Most . . .
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