Group 1 - The LPR remains unchanged for seven consecutive months, with the 1-year LPR at 3.0% and the 5-year LPR at 3.5% as of December 22, 2025, due to stable policy rates and pressure on bank net interest margins [1] - The stability of the 7-day reverse repurchase rate indicates that the pricing basis for the LPR has not changed, suggesting that the LPR will remain stable [1] - The last adjustment of the LPR occurred in May, when it was lowered by 10 basis points, and since then, the rates have stabilized [1] Group 2 - The macroeconomic resilience has exceeded expectations due to strong exports, and achieving the annual growth target of around 5.0% is no longer in doubt, despite weakened growth momentum in the second half of the year [2] - The December Central Economic Work Conference emphasized the efficient use of various policy tools, focusing on the effectiveness and proactivity of policies [2] - Future monetary policy may remain flexible based on the credit recovery situation in the first quarter of the following year, with a continued loose monetary environment expected [2]
LPR连续7个月持平，2026年有望稳中有降
Di Yi Cai Jing·2025-12-22 02:37