China keeps benchmark lending rate steady for third straight month

China held its benchmark lending rate steady for the third straight month at its July fixing on Monday.

Both the one-year and five-year loan prime rates (LPR) remained unchanged from last month, at 3.85 percent and 4.65 percent, respectively, according to a People's Bank of China statement (

link

in Chinese).

(People's Bank of China, Beijing, China. /Reuters)