Global Economic News

China Keeps Lending Rates Unchanged

China left its benchmark lending rates unchanged for the fifth straight month despite the economy struggling to gain traction.

The People's Bank of China on Friday kept its one-year loan prime rate, or LPR, unchanged at 3.65 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was maintained at 4.30 percent.

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by Renju Jaya

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