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via rttnews.comEconomy

China keeps loan prime rate unchanged for seventeenth consecutive month

FROM THE WIRE · RTTNEWS.COM

China maintained its loan prime rates for seventeenth consecutive month, as widely expected, on Tuesday. The People's Bank of China left its one-year loan prime rate unchanged at 3.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralExpected PBoC rate decision with no surprise likely to move prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The People's Bank of China left its one-year loan prime rate unchanged.
  2. 02The decision was widely expected.
  3. 03The rate has been held steady for seventeen consecutive months.

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