LPR连续六个月按兵不动，短期会调降吗？

Core Viewpoint - The People's Bank of China (PBOC) has maintained the Loan Prime Rate (LPR) unchanged for the sixth consecutive month, indicating a stable monetary policy environment aimed at supporting economic recovery and maintaining liquidity in the financial system [1] Group 1: Loan Prime Rate (LPR) and Interest Rates - As of November 20, 2025, the 1-year LPR is set at 3.00% and the 5-year LPR at 3.50%, both remaining unchanged from the previous month [1] - The only adjustment to the LPR this year occurred in May, where both the 1-year and 5-year LPR were reduced by 10 basis points [1] - The average interest rate for newly issued corporate loans in October was 3.1%, down approximately 40 basis points year-on-year, while the average rate for personal housing loans was also 3.1%, down about 8 basis points year-on-year [1] Group 2: Monetary Policy and Economic Outlook - The PBOC's third-quarter monetary policy report emphasizes the need for a moderately loose monetary policy to maintain relatively relaxed social financing conditions [1] - Analysts expect that the regulatory authorities may further lower the 5-year LPR to alleviate high actual mortgage rates and stimulate housing market demand in the fourth quarter [2] - Future monetary policy actions may include using reverse repos and medium-term lending facilities (MLF) to enhance liquidity management and support key strategic areas [4] - Some economists believe the probability of interest rate cuts and LPR adjustments in the fourth quarter is low, citing manageable GDP growth targets and stable inflation [4]