存贷双降激活市场：房贷月供减负 息差压力有所缓解

Group 1 - The core viewpoint of the article is that the recent reduction in LPR (Loan Prime Rate) and corresponding adjustments in mortgage and deposit rates are expected to lower borrowing costs, stimulate housing consumption, and support bank net interest margins [1][3][4] Group 2 - As of May 20, mortgage rates in major cities like Beijing and Shanghai have been reduced by 10 basis points, with the first mortgage rate now at 3.05% and second mortgage rates varying based on location [1][2] - The reduction in mortgage rates is projected to save approximately 54 yuan per month for a 1 million yuan loan over 30 years, totaling nearly 20,000 yuan in savings [1][2] - The People's Bank of China (PBOC) has lowered the 1-year LPR to 3.0% and the 5-year LPR to 3.5%, both down by 10 basis points, which is expected to further lower borrowing costs [2][3] Group 3 - The recent adjustments in deposit rates by major banks include a reduction of up to 25 basis points for various term deposits, with the new rates for three-month to five-year deposits ranging from 0.65% to 1.30% [4][5] - The average reduction in deposit rates is greater than that of the LPR, which is seen as a measure to protect bank net interest margins, with an estimated positive impact of 7 basis points on banks' margins [4][5] - The net interest margin for commercial banks has been under pressure, declining from 1.52% in Q4 of the previous year to 1.43% in Q1 of this year [5]