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China to Keep Lending Rates Unchanged, Predicts Market Watchers
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China is expected to leave lending benchmark rates unchanged at a monthly fixing, with most market watchers predicting a steady one-year LPR rate of 3.45% and a steady five-year LPR rate of 4.20%. The PBOC defied market expectations by keeping the MLF rate unchanged, leading to a steady one-year LPR.
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How might the steady lending rates impact China's economy?
How might the steady one-year LPR rate affect borrowing costs for businesses and individuals?
What factors could influence the PBOC's decision to cut interest rates?
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