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PBOC keeps key lending rates unchanged in November fixing, 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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  • The People's Bank of China ((PBoC)) maintained the one-year loan prime rate, a benchmark for most corporate and household loans, at 3.1%, while the five-year rate, a reference for property mortgages, remained steady at 3.6%.
  • Both the rates continue to sit

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