China maintains benchmark lending rates amid property downturn, anticipating further monetary easing.

China's one-year loan prime rate (LPR) and the over-five-year LPR stayed unchanged at 3.45% and 3.95%, respectively, in May. China's central bank is maintaining its benchmark lending rates despite the ongoing property downturn, with expectations of further monetary easing to support credit and property markets, reduce financial costs for businesses and individuals, and contribute to economic recovery.