The one-year loan prime rate - on which most new and outstanding loans are based - was left at 3.65%.
The imminent Lunar New Year holiday, the decision by the People's Bank of China to leave its policy rate unchanged this month, and a new mortgage rate mechanism, were cited by analysts as reasons for the inaction. China's economy grew just 3% in 2022, far below the official target, while the government's abrupt end to its zero-COVID policy has fanned hopes of a robust recovery.
The publishing of January's LPRs came on the last working day in China before the week-long Spring Festival holiday.
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