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China leaves benchmark lending rates unchanged as expected, despite Fed rate cut
CNBC·2025-09-22 09:10

BEIJING, CHINA - OCTOBER 12: The People's Bank of China (PBOC) building is pictured on October 12, 2020 in Beijing, China.China kept its benchmark lending rates unchanged for the fourth month in a row on Monday despite the U.S. Federal Reserve's interest rate cut last week.The People's Bank of China kept the one-year loan prime rate (LPR) unchanged at 3.0% while the five-year LPR at 3.5%, respectively, according to a statement Monday. The one-year LPR influences most new and outstanding loans, while the fiv ...