China holds lending rates steady in September as expected

China's central bank on Monday left its key lending rates unchanged following the latest meeting of the Monetary Policy Committee.

The People's Bank of China kept its one-year loan prime rate unchanged at 3.0% and the five-year LPR at 3.5%. The decision was in line with the consensus forecast cited by FXStreet.

The central bank last revised rates in May, when it trimmed the one-year and five-year LPR's by 10 basis points from 3.1% and 3.6%, respectively.