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China Maintains Benchmark Lending Rates

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

China's central bank left its key interest rates unchanged on Monday despite strengthening calls for monetary policy easing to support economic growth amid a notable slowdown in inflation.

The People's Bank of China retained its one-year loan prime rate, or LPR, at 3.65 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was left unchanged at 4.30 percent.

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