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LPR如期下调 部分银行同步调降存款利率
Zheng Quan Shi Bao Wang·2025-05-20 12:44

Group 1 - The Loan Prime Rate (LPR) and deposit rates of large commercial banks have both decreased, leading to a reduction in the overall financing costs in society and improving banks' liability costs [1][2] - The 1-year and 5-year LPRs have both dropped by 0.1 percentage points, now standing at 3.0% and 3.5% respectively, which is expected to stimulate effective financing demand and stabilize credit levels [1][2] - The reduction in deposit rates by state-owned and some joint-stock banks is aimed at lowering banks' liability costs, creating room for the LPR to decrease [1][3] Group 2 - The LPR serves as a primary reference for loan pricing, with the average interest rate for new corporate loans at approximately 3.2%, down about 50 basis points year-on-year, and for personal housing loans at about 3.1%, down about 55 basis points year-on-year [2] - The decrease in the 5-year LPR is beneficial for mortgage borrowers, reducing their interest burden and promoting consumption, with a calculated monthly payment reduction of approximately 54.88 yuan for a 1 million yuan mortgage over 30 years [2] - The recent decline in deposit rates marks the seventh round of such reductions since September 2022, reflecting banks' responses to market interest rate trends and deposit supply-demand dynamics [2][3] Group 3 - The banking sector has experienced a rapid decline in net interest margins, now at historical lows, prompting banks to adjust deposit rates to maintain a reasonable net interest margin [3] - The recent adjustments in deposit rates, along with a new round of reserve requirement ratio cuts, provide banks with the opportunity to alleviate net interest margin pressures and lower LPR pricing [3] - The interest rate transmission mechanism in China has gradually improved, forming a more complete interest rate system that influences consumption and investment, thereby enhancing overall social demand [3]