China keeps lending benchmark unchanged but stimulus needed as virus hit worsens
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SHANGHAI (Reuters) - China kept its benchmark lending rate unchanged on Friday, defying expectations for a reduction to ease borrowing costs in an economy jolted by widespread disruptions to businesses from the coronavirus pandemic.The one-year loan prime rate (LPR) was left unchanged at 4.05% from the previous monthly fixing while the five-year LPR remained at 4.75%.Analysts said the unchanged rate suggests policymakers may think recent measures are enough to help the economy in the immediate..