China Leaves Lending Rates Unchanged

China's central bank held its benchmark lending rates steady, as widely expected, on Wednesday despite the tightening stance adopted by its global peers. The People's Bank of China kept the five-year loan prime rate, or LPR, the benchmark for mortgage rates, unchanged at 4.45 percent. The rate was lowered by a record 15 basis points in May and by five basis points in January.

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