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

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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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