China keeps Loan Prime Rates unchanged

China's central bank on Monday kept the one- and five-year lending rates (LPR) unchanged at 3.45 percent and 3.95 percent, respectively.

The one-year LPR is seen as the benchmark for most household and corporate loans, while the five-year LPR is the benchmark for most property mortgages.

The decision was in line with the expectations of economists, who expected both rates to remain unchanged.

China's CSI 300 index rose 1.9 percent last week.