PBOC keeps benchmark lending rates unchanged for 2nd month in July

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 Head Office of the People"s Bank of China. PBOC is China"s 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 kept key lending rates at record lows during the July fixing, in line with expectations. The one-year loan prime rate, which guides most corporate and household lending, was held at 3.0%, while the five-year LPR, a benchmark for mortgage rates, remained at

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