China Maintains Unchanged Benchmark Lending Rates in September

China's central bank, the People's Bank of China, has decided to keep its benchmark loan rates unchanged for September, signaling stability in the country's economy after recent policy support measures. The one-year loan prime rate remains at 3.45%, while the five-year benchmark loan rate stands at 4.2%. This decision aligns with economists' expectations and follows the PBOC's steady medium-term policy rate and a recent cut in reserve requirement ratio requirements for all banks.