CHINA'S central bank on Monday kept its loan prime rates (LPRs) for January unchanged from the previous month, with the one-year LPR at 3.45 percent and the five-year LPR at 4.20 percent.
Observers said that the unchanged rates aligned with market expectations amid China's economic recovery, and they expect targeted monetary policy moves to further lower LPRs moderately in 2024.
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