The People’s Bank of China (PBOC) kept its key one-year and five-year loan rates unchanged in January, as expected

The People’s Bank of China (PBoC) kept the one-year loan coverage ratio at 3.1% for corporate and most household loans, and the 5-year loan coverage ratio at 3.6% for real estate loans.

Both rates reached record lows after last year’s interest rate cuts in October and July.