China Keeps Loan Prime Rates Unchanged

India, May 20 -- China maintained its loan prime rates unchanged for the twelfth straight month, as widely expected, on Wednesday.The People's Bank of China maintained its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent.Previously, the bank had reduced its both LPRs by quarter points in October 2024 and 10 basis points each in Ma...

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