PBOC keeps benchmark lending rates unchanged, rate cuts likely in the second half of the year
PBOC keeps benchmark lending rates unchanged, rate cuts likely in the second half of the year

PBOC keeps benchmark lending rates unchanged, rate cuts likely in the second half of the year

 

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China kept its benchmark lending rates unchanged as expected, as rate hikes by global central banks make it difficult for the world's second largest economy to further ease monetary policy to boost a weak domestic economy.

The one-year loan prime rate (LPR) was kept at 3.70%, and the five-year LPR was unchanged at 4.45%, said the People's Bank of China (PBOC) on Monday.

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