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China keeps benchmark lending rate unchanged for second straight month

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China kept the benchmark lending rate unchanged for the second straight month at its June fixing on Monday, matching market expectations.

The one-year loan prime rate (LPR) was left at 3.85 per cent, while the five-year LPR was also steady at 4.65 per cent.

The move in the LPR affects the price lenders charge companies and households for loans, and the five-year rate influences the pricing of mortgages.

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