Core Viewpoint - The People's Bank of China emphasizes the need to deepen interest rate marketization reform and improve the transmission channels of monetary policy [1] Group 1: Interest Rate Marketization - The report highlights the importance of establishing a market-oriented interest rate formation, regulation, and transmission mechanism [1] - It stresses the role of the central bank's policy interest rates in guiding market rates [1] - The report calls for enhanced execution and supervision of interest rate policies, including on-site evaluations of financial institutions' adherence to interest rate policies and self-regulatory agreements [1] Group 2: Loan Market Pricing - Continuous reform and improvement of the Loan Prime Rate (LPR) are emphasized, focusing on enhancing the quality of LPR quotations to better reflect the actual loan market interest rates [1] - Financial institutions are urged to adhere to risk pricing principles and align loan interest rates with market rates such as bond yields [1] - The report promotes the trial of comprehensive financing cost for corporate loans to further reduce the overall financing costs in society [1]
央行：深入推进利率市场化改革 畅通货币政策传导渠道
Zheng Quan Shi Bao Wang·2025-11-11 09:22