PBOC Left Policy Rate Unchanged for Three Months, Affirming Targeted Monetary Easing Stance

<p>PBOC has left the policy rate, the 1-year loan prime rate, at 3.85% in July. The 5-year loan prime rate also stays at 4.65%. The decision has been widely anticipated, as the medium lending facility (MLF) rate, the guidance rate for the LPR, was also kept unchanged at 2.95% earlier this month. The central bank [&#8230;]</p>
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