#noticiascripto 🚨💥On Monday, China's benchmark interest rates remained unchanged as it faces weak growth and low consumer confidence.

The People's Bank of China kept the one-year LPR at 3.0 percent and the five-year loan prime rate at 3.5 percent.

Loan prime rates, set by a survey conducted by several commercial banks that submit rate proposals to the country's central bank, guide the best rates offered to major clients.

The one-year LPR plays a key role in the formation of most loans for households and businesses across China. The five-year rate is widely used as a benchmark for new mortgage contracts.

This decision followed the release of second-quarter GDP figures that showed a year-on-year growth of 5.2 percent, down from 5.4 percent in Q1 but slightly above the 5.1 percent forecasted.

Retail sales in June lost momentum, increasing by 4.8 percent compared to the same month last year, after a 6.4 percent increase in the previous month. That June figure was below the 5.4 percent growth predicted by economists surveyed by Reuters.