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6/21, 3:31 AM (Source: TeleTrader)
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PBoC holds key interest rates

The People's Bank of China (PBoC) unveiled on Monday it has decided to leave key interest rates unaltered for the 14th consecutive month at its June fixing.

As forecasted by analysts, Beijing's central bank kept its one-year loan prime rate at 3.85% and held its five-year tenor at 4.65%.

The PBoC decreased its benchmark lending rates in 2020 in an effort to mitigate the negative impact of the outbreak of the coronavirus.

Breaking the News / BU