China's new one-year lending benchmark rate cut marginally
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SHANGHAI (Reuters) - China marginally cut its new one-year benchmark lending rate for the second month in a row on Friday, as the central bank seeks to guide borrowing costs lower for an economy hit by the Sino-U.S. trade war. But the five-year benchmark rate was unchanged, which some analysts say reflects policymakers' concerns that low rates for long tenures could reflate a property bubble. The largely-expected reduction in the one-year Loan Prime Rate (LPR), now at 4.20%, came after the..