China set to keep lending benchmarks unchanged amid yuan pressure


SHANGHAI: China is expected to keep lending benchmarks unchanged this week, a poll of market participants showed, with authorities seen holding off monetary easing in the short-term to avoid more depreciation pressure on the currency.

The loan prime rate (LPR), which banks normally charge their best clients, is set by 18 designated commercial banks who submit proposed rates to the People's Bank of China (PBOC).

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PBOC , interest rate , financing

   

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