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Reuters ahead in reporting China unexpectedly keeps lending benchmark rate unchanged

Reuters was 11 seconds ahead of the competition with the People’s Bank of China’s surprise decision to leave its benchmark Loan Prime Rate unchanged at its monthly fixing on March 20, defying expectations that it would follow a series of central bank easing moves during the week to cushion the economic blow of the coronavirus pandemic.

Market reaction:

The surprise helped to prop up the yuan against the dollar, following heavy selling during the week.