PBOC held 1 and 5 year rates steady today for the 15th month in a row

China loan rates: 1-year 3.85% (as expected) & 5-year 4.65% (as expected) The Loan Prime Rates (LPR) are a benchmark rate for loans to business and households in China. There had been some (not consensus) expectations for a slight decline in the 1-year rate:

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