SHANGHAI, Sept 22 (Reuters) - China kept benchmark lending rates unchanged for the fourth consecutive month in September, in line with market expectations.
The one-year loan prime rate (LPR) CNYLPR1Y=CFXS was kept at 3.0% on Monday, while the five-year LPR CNYLPR5Y=CFXS was unchanged at 3.5%.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
In a Reuters survey of 20 market participants conducted last week, all participants predicted no change to either of the two rates despite a recent spate of weak economic data.