LPR连续5个月按兵不动，分析师预计：年内仍有下调可能

Core Viewpoint - The increasing external volatility and the impact of the US high tariff policy on global trade and China's exports may become more pronounced in the fourth quarter, necessitating stronger measures to stabilize growth and employment [1] Group 1: Economic Indicators - Investment and consumption growth rates have shown a downward trend, highlighting the need for increased efforts to stabilize growth and employment in the fourth quarter [1] - There is potential for policy interest rates and LPR (Loan Prime Rate) quotes to be lowered within the year [1] Group 2: Monetary Policy Outlook - The Federal Reserve resumed interest rate cuts in September and may continue to do so, reducing the constraints on domestic implementation of a moderately loose monetary policy [1] - Wang Qing, Chief Macro Analyst at Dongfang Jincheng, anticipates that the central bank may implement a new round of interest rate cuts and reserve requirement ratio reductions before the end of the year, which could lead to adjustments in LPR for both short and long-term maturities [1]