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The People’s Bank Of China, As Expected, Kept The Benchmark Lending Rate Unchanged

by Ella

On Monday, the People’s Bank of China (PBOC) kept its benchmark loan interest rates unchanged for all maturities.

The People’s Bank of China kept its one-year and five-year lending benchmark rates unchanged at 3.45% and 3.95% respectively.

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This decision is in line with market expectations.

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In February, the People’s Bank of China cut the five-year reserve requirement ratio by 25 basis points, from 4.20% to 3.95%.

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