Group 1 - The latest LPR (Loan Prime Rate) remains unchanged, with the 1-year LPR at 3.0% and the 5-year LPR at 3.5%, aligning with market expectations [1] - The net interest margin of commercial banks in China has narrowed to 1.43% in Q1 2023, down 9 basis points from Q4 2022, indicating pressure on bank profitability [2] - The weighted average interest rate for newly issued corporate loans is approximately 3.2%, which is 50 basis points lower than the same period last year, while the rate for personal housing loans is about 3.1%, down 55 basis points year-on-year [2] Group 2 - Analysts suggest that there is potential for further LPR reductions in the second half of the year, driven by the need to stimulate domestic demand and stabilize the real estate market [3] - The external environment remains uncertain, but there is an expectation for continued monetary easing to support economic recovery and maintain stable currency levels [3] - The current domestic and international conditions reduce the necessity for aggressive monetary policy adjustments in the short term, leading to a forecast of stable policy rates and LPR [2]
6月份LPR维持前值不变 下半年或有下调空间
Zheng Quan Ri Bao·2025-06-20 17:10