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China kept its benchmark lending rates unchanged in March, despite growing expectation for a rate cut after the top regulators recently pledged to make monetary policy proactive to support economic growth.
The People's Bank of China (PBOC) kept its benchmark interest rates for corporate and household lending unchanged on Monday, with the one-year loan prime rate (LPR) at 3.7%, while the five-year LPR at 4.6%.Â
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