China leaves lending rates unchanged in January as expected

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UCapital Media

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China's central bank on Tuesday left its key lending rates unchanged in January as expected.


The People's Bank of China kept its one-year loan prime rate at 3.0% and the five-year LPR at 3.5% for an eighth straight month, in line with the consensus forecast cited by FXStreet.


The central bank last revised rates in May, when it trimmed the one-year and five-year LPR's by 10 basis points from 3.1% and 3.6%, respectively.