[Breaking News] China Freezes LPR, the Benchmark Interest Rate
[Asia Economy Beijing=Special Correspondent Kim Hyunjung] China has kept its Loan Prime Rate (LPR), which serves as the benchmark interest rate, unchanged.
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On the 21st, the People's Bank of China, the central bank, announced that the 1-year LPR will remain at 3.65%, and the 5-year LPR, which serves as the benchmark for mortgage loans, will be set at 4.3%.
This content was produced with the assistance of AI translation services.
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