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China to use LPR benchmark for pricing existing floating-rate loans

FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo December 28, 2019 BEIJING (Reuters) – China’s central bank said on Saturday it will use the loan prime rate (LPR) as a new benchmark for pricing […]