Group 1 - The People's Bank of China (PBOC) announced that the Loan Prime Rate (LPR) for one year remains at 3.0% and for five years and above at 3.5%, unchanged for three consecutive months [1] - Analyst Pang Ming noted that the stability of the LPR aligns with market expectations, as the central bank's policy interest rates have not been adjusted since May 8, indicating a period of observation for the effects of previous financial support measures [1] - Weak credit demand from both corporate and household sectors was highlighted, suggesting that maintaining the current LPR can better support the implementation of upcoming policies aimed at stabilizing the real estate market [1] Group 2 - Chief Macro Analyst Wang Qing indicated that the LPR's stability is due to a relatively strong macroeconomic performance in the first half of the year, reducing the immediate need for a downward adjustment [1] - Wang Qing also mentioned that future economic data may show a decline, and there is potential for a decrease in policy rates and LPR in the fourth quarter to support domestic demand and stabilize the real estate market [2]
中国LPR连续三个月“按兵不动”
Zhong Guo Xin Wen Wang·2025-08-20 06:38