关键利率，维持不变！

Core Viewpoint - The Loan Prime Rate (LPR) remains unchanged for both the 1-year and 5-year terms, reflecting market expectations and stable monetary conditions [2][3]. Group 1: LPR Stability - The 1-year LPR is set at 3.0% and the 5-year LPR at 3.5%, with no changes from the previous period [2]. - The 7-day reverse repurchase rate, which serves as the pricing basis for LPR, remains at 1.40%, indicating no shifts in the underlying conditions for LPR [3]. Group 2: Banking Sector Insights - Commercial banks are experiencing low net interest margins, which limits their motivation to lower LPR quotes. The net interest margin was reported at 1.42% at the end of Q3, unchanged from Q2 but down 10 basis points from the end of the previous year [3]. - The weighted average interest rate for new corporate loans in October was 3.1%, approximately 40 basis points lower than the same period last year, while the rate for new personal housing loans was also 3.1%, down about 8 basis points year-on-year [3]. Group 3: Economic Outlook - Analysts suggest that the focus on stabilizing economic operations in Q4 of this year and Q1 of next year may lead to a phase of increased growth policies, with potential downward adjustments in LPR by year-end [4]. - A decrease in LPR could further lower loan rates for businesses and individuals, stimulating internal financing demand [4].