China unexpectedly keeps lending benchmark rate unchanged
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SHANGHAI (Reuters) - China kept its benchmark lending rate steady 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%.Forty respondents, or 71.4% of all participants, in a Reuters snap survey had expected a reduction in the LPR, with 36 predicting..