The People's Bank of China (PBOC) lowered the amount of cash that banks must hold as reserves.
SHANGHAI: China kept its benchmark lending rate for corporate and household loans unchanged at its monthly fixing on Tuesday, despite growing expectations for a cut after a surprise lowering of bank reserve requirements.
The one-year loan prime rate (LPR) was kept at 3.85%. The five-year LPR remained at 4.65%. The rate was unchanged for the 15th straight month.
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