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5/20, 3:31 AM (Source: TeleTrader)
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PBoC leaves key interest rates unchanged

The People's Bank of China (PBoC) announced on Thursday it has decided to leave key interest rates unchanged for the 13th consecutive month at its May fixing.

As expected, the central bank maintained its one-year loan prime rate at 3.85% and kept its five-year loan prime at 4.65%.

The PBoC lowered its benchmark lending rates last year amid the outbreak of the coronavirus.

Breaking the News / JC