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Economy

China cuts benchmark lending rate to prop up coronavirus-hit economy

Updated : February 20, 2020 07:51 AM IST

The one-year loan prime rate (LPR) was lowered by 10 basis points to 4.05 percent from 4.15 percent at the previous monthly fixing.
The five-year LPR was lowered by 5 basis points to 4.75 percent from 4.80 percent.
China cuts benchmark lending rate to prop up coronavirus-hit economy

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