6月LPR维持不变，如何理解？

Core Viewpoint - The LPR (Loan Prime Rate) remained unchanged in June, with the 1-year rate at 3.0% and the 5-year rate at 3.5%, aligning with market expectations following a previous reduction in May [1][2]. Group 1: LPR Stability - The unchanged LPR is attributed to the stability of the 7-day reverse repurchase rate at 1.40%, which serves as a basis for LPR pricing [1]. - Analysts believe that the current economic conditions, including improved domestic demand and stable production, support the decision to maintain the LPR [2]. Group 2: Financing Costs - The average interest rates for new corporate loans and personal housing loans are approximately 3.2% and 3.1%, respectively, both showing a decrease of about 50 basis points and 55 basis points compared to the previous year [3]. - The current interest rate levels are historically low, suggesting that a further reduction in LPR is not urgent [3]. Group 3: Future Considerations - Experts emphasize the need to monitor various factors influencing future interest rate trends, including global monetary policy shifts and domestic economic momentum [4]. - There is a call for a comprehensive approach to reduce non-interest costs, such as collateral and intermediary service fees, to further lower overall financing costs for businesses [4].