Group 1 - The Loan Prime Rate (LPR) for both 1-year and over 5-year remains unchanged at 3% and 3.5% respectively, marking seven consecutive months of stability [1][3] - The only adjustment in 2025 was a 10 basis points (BP) reduction in May, resulting in an overall decrease of 10 BP for the year [1][3] - The stability in LPR is attributed to the unchanged policy rates and rising financing costs for commercial banks, which limits their motivation to lower LPR [3] Group 2 - The central bank is expected to implement a new round of interest rate cuts and reserve requirement ratio (RRR) reductions in early 2026, potentially before the Spring Festival [5][6] - Analysts predict that the next interest rate cut could be around 10 BP, with a possible RRR reduction of 50 BP, aimed at stimulating internal demand and investment [6][7] - The current low inflation levels provide ample room for a moderately loose monetary policy, which is essential for countering external demand slowdowns [5]
连续七个月不变！12月LPR按兵不动，明年初有望降准降息？
Ge Long Hui·2025-12-22 03:05