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One-year and five-year LPRs are reduced by 10 basis points

On July 22, the People's Bank of China cut the one-year and five-year loan market quotation rate (LPR) by 10 basis points to 3.35% and 3.85% respectively.

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China's one-year loan market quoted interest rate as of July 22 was 3.35%, expected to be 3.45%, and the previous value was 3.45%.

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