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China keeps loan prime rate unchanged for 12th month

China keeps loan prime rate unchanged for 12th month. One-year LPR at 3.00%, five-year LPR at 3.50%. Bond.az reports.

Jack Scott
ByJack Scott- Senior Editor
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China's central bank held benchmark lending rates steady for the 12th consecutive month, balancing economic support against inflation risks.

The one-year loan prime rate remained at 3.00%, and the five-year rate at 3.50%, matching market forecasts.

Recent data showed weaker domestic demand, with April factory output and retail sales missing estimates.

Policymakers are cautious about inflation from rising oil prices due to the Iran conflict.

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