Core Viewpoint - The People's Bank of China has maintained the Loan Prime Rate (LPR) for both 1-year and 5-year terms at 3.0% and 3.5% respectively, for two consecutive months, aligning with market expectations due to unchanged policy rates since May [1] Group 1: LPR and Monetary Policy - The 1-year LPR remains at 3.0% and the 5-year LPR at 3.5%, reflecting stability in the current monetary policy environment [1] - Analysts suggest that the unchanged LPR is strategic, allowing for better alignment with upcoming counter-cyclical measures aimed at supporting the real economy and stabilizing the banking system [1][2] Group 2: Economic Outlook - Recent macroeconomic data indicates that China's economic growth rate and internal momentum in Q2 exceeded market expectations, providing a solid foundation for achieving annual targets [1] - There is an expectation of further interest rate cuts in the second half of the year to stimulate domestic demand and counteract external uncertainties, with potential impacts on LPR adjustments [2]
中国LPR连续两月“按兵不动”
Zhong Guo Xin Wen Wang·2025-07-21 07:00