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China seen holding rates unchanged as uneven economic recovery persists
China is expected to keep benchmark lending rates unchanged for a 13th consecutive month in June, a Reuters survey showed, as a K-shaped divergence in the broad economy persists. The loan prime rate (LPR), normally charged to banks' most creditworthy clients, is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China (PBOC). [....]