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Dow Jones Newswires: China’s central bank keeps benchmark rate unchanged

China’s central bank kept its benchmark loan prime rate unchanged on Wednesday.

The one-year LPR remained at 3.85% and five-year LPR at 4.65%, the People’s Bank of China said.

The last time the central bank cut the LPR was April last year when the economy was hit by the pandemic shock.

Central bank officials signalled in a briefing last week that the bank may not significantly loosen monetary policy for the remainder of the year.

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