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China ‘unsurprisingly’ keeps benchmark loan rate unchanged for second straight month

Summary:
[unable to retrieve full-text content]China left its benchmark lending rate unchanged for the second straight month at its June fixing on Monday, matching market expectations, after the central bank kept borrowing costs on medium-term loans steady last week.The one-year loan prime rate (LPR) remained 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.A Reuters…

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[unable to retrieve full-text content]
China left its benchmark lending rate unchanged for the second straight month at its June fixing on Monday, matching market expectations, after the central bank kept borrowing costs on medium-term loans steady last week.The one-year loan prime rate (LPR) remained 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.A Reuters…
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