Core Viewpoint - The necessity for macroeconomic policy to strengthen growth and employment in the fourth quarter has increased due to recent external volatility and a decline in investment and consumption growth [1] Group 1: Economic Analysis - Wang Qing, Chief Macro Analyst at Dongfang Jincheng, indicates that there is room for policy interest rates and LPR to decrease as efforts to boost domestic demand and stabilize the real estate market continue [1] - The external environment for China's monetary policy has improved with the Federal Reserve's decision to resume interest rate cuts in September, reducing constraints on implementing moderate easing [1] Group 2: Banking Sector Insights - Mingming, Chief Economist at CITIC Securities, notes that despite the favorable overseas conditions created by the Fed's rate cuts, domestic commercial banks still face significant pressure on interest margins [1] - Before guiding loan rates down through LPR adjustments, it may be necessary to first lower deposit rates [1]
分析师：LPR后续仍有下行空间
Sou Hu Cai Jing·2025-10-20 23:45