China holds rates for ninth consecutive month

China kept its benchmark lending rates unchanged for the ninth month in a row on Monday, in line with forecasts.

The one-year loan prime rate (LPR) was kept at 3.65% and its five-year LPR was unchanged at 4.30%.

Commercial one and five-year loan prime rates were held fin line with the central bank decision.

Reporting by Frank Prenesti for Sharecast.com