Core Viewpoint - The Loan Prime Rate (LPR) for both 1-year and 5-year terms remains unchanged at 3.00% and 3.50% respectively, reflecting market expectations and stable policy rates [1][3]. Group 1: LPR Stability - The LPR has remained unchanged for three consecutive months, indicating a stable macroeconomic environment in the first half of the year, reducing the necessity for adjustments in the short term [1]. - The stability in LPR is attributed to the lack of motivation for banks to lower the LPR amid historically low net interest margins [1][3]. Group 2: Economic Outlook - Recent macro data and credit indicators show weak credit demand from both corporate and household sectors, suggesting suppressed effective demand in the economy [1]. - There is an expectation of increased downward pressure on the economy in the third quarter, with potential for policy rate and LPR adjustments to stimulate domestic demand and stabilize the real estate market [3].
8月LPR继续按兵不动， 分析师：四季度初前后可能下调
Sou Hu Cai Jing·2025-08-20 01:47