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China#39;s central bank cuts key benchmark loan rate to support economy

The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People#39;s Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, remained at 4.2 percent.

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​ The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People#39;s Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, remained at 4.2 percent. The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People#39;s Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, remained at 4.2 percent.  Moneycontrol Latest News Read More  

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