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China keeps reference lending rate unchanged for 2nd straight month, some expect rate cut on MLF, OMO


China kept its benchmark rate for banks' lending unchanged for the second month in a row on Monday, after the central bank left borrowing costs of medium-term loans unchanged earlier this month.

The one-year loan prime rate (LPR) was kept unchanged at 4.15 per cent from the previous monthly fixing. The five-year LPR also remained the same at 4.80 per cent.

The market has been divided over whether the benchmark . . .

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