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What does it mean that the one-year lpr is 3.55%?
The standard interest rate of 1 year loan is 3.55%.

LPR refers to the benchmark interest rate for new loans regularly issued by the People's Bank of China (PBOC), which is an important reference for the loan pricing and customer loan business of Bank of China. The LPR of 1 year is 3.55%, which means that the People's Bank of China is implementing the standard interest rate of 1 year loan and adopting the interest rate of 3.55%.

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