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China leaves benchmark lending rates unchanged
Jan 19, 2025 5:23 PM

SHANGHAI, Jan 20 (Reuters) - China left benchmark

lending rates unchanged at the monthly fixing on Monday, as a

weakening yuan has limited Beijing's monetary easing efforts.

The one-year loan prime rate (LPR) was kept

at 3.1%, while the five-year LPR was unchanged

at 3.6%.

Most new and outstanding loans in China are based on the

one-year LPR, while the five-year rate influences the pricing of

mortgages.

In October 2024, Chinese lenders slashed lending benchmarks

by bigger-than-expected margins to revive economic activity.

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