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China’s Central Bank Keeps Loan Prime Rates Unchanged

China’s central bank retained its interest rate for new corporate loan on Monday despite economic growth easing to the lowest level in nearly three decades. The People’s Bank of China left the one-year loan prime rate unchanged at 4.20 percent. The five-year lending rate was also maintained at 4.85 percent. The loan prime rate is fixed monthly based on the submission of 18 banks.
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