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A view of the People's Bank of China headquarters in Beijing, China. /CFP
China kept its benchmark lending rates unchanged in July, the country's central bank announced on Thursday.
The one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.55 percent, unchanged from the previous month, according to the People's Bank of China.
The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 4.2 percent.
In June, China lowered the one-year rate by 10 basis points to 3.55 percent. The over-five-year rate was also slashed by 10 basis points to 4.2 percent.
The monthly LPR serves as a pricing reference for banks based on rates of the central bank's open market operations.
(With input from Xinhua; Cover via CFP)
Read more: China's LPR cuts help expand domestic demand, strengthen basic economic fundamentals
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Disinformation report hotline: 010-85061466