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China keeps lending benchmark rate unchanged for 14th straight month

SHANGHAI, June 21 (Reuters) - China kept its benchmark lending rate for corporate and household loans unchanged for the 14th straight month at its June fixing on Monday, in line with market expectations.

The one-year loan prime rate (LPR) was kept at 3.85%. The five-year LPR remained at 4.65%.

Twenty-two traders and analysts, or 79% of all 28 participants, in a snap Reuters poll last week predicted no change in either rate.

Most new and outstanding loans in China are based on the one-year LPR. The five-year rate influences the pricing of mortgages. (Reporting by Andrew Galbraith; Editing by Christopher Cushing)

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