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PBOC keeps key lending rates steady for second straight month, as expected

Beijing, China - May 4, 2021: Head Office of the Peoples Bank of China. PBOC is Chinas central bank under the State Council. China is pushing ahead with a pilot project to develop the digital yuan.

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  • People's Bank of China kept its key lending rates steady for the second straight month during its December fixing, as widely expected.
  • The one-year loan prime rate (LPR), the benchmark for most corporate and household loans, held steady at 3.1%, while the five-year LPR, a

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