SHANGHAI (Reuters) -China kept its benchmark lending rates unchanged for the fourth consecutive month in September, in line with market expectations, following the central bank’s decision to hold a main policy rate steady last week.

WHY IT’S IMPORTANT

The steady loan prime rate (LPR) fixings reflect the authorities cautious approach to monetary easing amid easing Sino-U.S. trade tensions, resilient exports and a recent stock market rally, despite signs of a domestic slowdown and monetary easing by the Federal Reserve.

BY THE NUMBERS

The one-year LPR was kept at 3.0% on Monday, while the five-year LPR was unchanged at 3.5%.

In a Reuters survey of 20 market participants conducted last week, all participants predicted no change to either of the two rates despite a recent spate of weak ec

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