Core Viewpoint - The People's Bank of China emphasizes the need to deepen interest rate marketization reform and improve the transmission channels of monetary policy in its 2025 Q2 monetary policy execution report [1] Group 1: Interest Rate Policy - The report highlights the importance of establishing a market-oriented interest rate formation, regulation, and transmission mechanism [1] - It stresses the role of the central bank's policy interest rates in guiding market behavior [1] - There will be an enhancement in the execution and supervision of interest rate policies, including on-site assessments of financial institutions' adherence to interest rate policies and self-regulatory agreements [1] Group 2: Loan Market and Financing Costs - The report calls for continuous reform and improvement of the Loan Prime Rate (LPR), focusing on enhancing the quality of LPR quotations to better reflect the actual loan market interest rates [1] - Financial institutions are urged to adhere to risk pricing principles and to align loan interest rates with market rates such as bond yields [1] - The report promotes the trial of comprehensive financing cost disclosures for enterprises, aiming to reduce the overall financing costs in society [1]
央行：持续深化明示企业贷款综合融资成本试点 推动社会综合融资成本下行
Zheng Quan Shi Bao Wang·2025-08-15 10:18