In this undated photo, a worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. (PHOTO / XINHUA)

China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.65 percent Monday, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 4.3 percent, according to the National Interbank Funding Center.

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China lowered the one-year rate by 5 basis points to 3.65 percent in August 2022. The over-five-year rate was also slashed last year.

The monthly data is a pricing reference rate for banks and is based on rates of the central bank's open market operations, especially the medium-term lending facility rate.