刚刚，LPR公布！

Core Viewpoint - The Loan Prime Rate (LPR) for both 1-year and 5-year terms remains unchanged at 3.0% and 3.5% respectively as of August 20, 2025, indicating a stable monetary policy stance by the People's Bank of China [1][3]. Summary by Relevant Sections LPR Rates - The 1-year LPR is set at 3.0% and the 5-year LPR at 3.5%, effective until the next announcement [1][3]. - The LPR has remained stable for three consecutive months following a 10 basis point decrease in May [3]. Monetary Policy Insights - The People's Bank of China has implemented a series of monetary policy measures since May, aimed at boosting confidence and stabilizing expectations in the economy [5][6]. - The central bank's report indicates that the monetary policy will continue to be moderately accommodative, focusing on maintaining liquidity and aligning financing growth with economic growth targets [6][7]. Economic Context - Analysts suggest that external uncertainties and domestic demand issues necessitate a supportive monetary policy to counter economic downward pressures [7]. - There is an expectation of potential further reductions in policy rates and LPR in the upcoming months, influenced by both domestic conditions and external factors such as U.S. monetary policy [6][7].