China held its benchmark lending rates steady, as authorities refrained from further monetary easing despite stuttering domestic growth.
The one-year loan prime rate was kept steady at 3.0% and the five-year rate at 3.5%, according to data released Monday by the People's Bank of China.
Both rates have been unchanged since May of last year.
Monday's decision came despite key indicators pointing to a cooling in domestic demand, including signs of softer consumption and investment last month. With exports continuing to show strength, economists anticipate no immediate shift toward further stimulus in the near term.
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