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via thehindubusinessline.comEconomy

China keeps benchmark lending rates unchanged in October

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

China keeps its one-year lending rate at 3% and five-year rate at 3.5% for a 17th month as strong growth eases pressure for monetary support.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe central bank holds rates for a 17th month, signalling a wait-and-see monetary stance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The one-year rate stays at 3% and the five-year rate at 3.5%.
  2. 02This is the 17th consecutive month of unchanged rates.
  3. 03Strong growth is easing pressure for monetary support.

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