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The PBOC kept its one-year Loan Prime Rate....>

CHINA
CHINA: The PBOC kept its one-year Loan Prime Rate (LPR) unchanged at 4.05% with
the five-year LPR steady at 4.75% on Friday, according to a statement on the
bank's website. The LPR, a new reference rate for bank loans, is anchored to the
one-year MLF, a rate that is viewed as being closer to market rates for credit.
Designated banks will update their LPR quotations based on their borrowing costs
on the 20th of each month after the PBOC reformed the LPR mechanism last August.
On Feb. 20, the PBOC lowered its one-year LPR by 10 bps while also cutting the
five-year LPR by 5 bps.

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