Economic Buzz: China keeps benchmark lending rates unchanged

China kept benchmark lending rates unchanged for the fourth consecutive month in September.

The one-year loan prime rate (LPR) was kept at 3.0 per cent on Monday, while the five-year LPR was unchanged at 3.5 per cent.

Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.

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