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المشهد العربي
PBOC holds rates for 14th month
The Chinese central bank has decided to keep the base interest rates on loans unchanged for the fourteenth consecutive month, maintaining 3% for one-year loans and 3.5% for five-year loans. This comes despite the weakest economic performance in the second quarter, with the bank reaffirming its commitment to an accommodative monetary policy to boost domestic consumption and stimulate growth.
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