China lending at 15-year low as central bank holds rates
BEIJING -- The Chinese central bank on Tuesday kept two benchmark lending rates unchanged for this month, after financing extended by Chinese banks hit their lowest level in roughly a decade and a half.
The People's Bank of China held the one-year loan prime rate at 3.35% and the five-year LPR at 3.85%. The two key interest rates were each cut by 10 basis points in July.