Group 1 - The Loan Prime Rate (LPR) remains unchanged for eight consecutive months, with the one-year LPR at 3.00% and the five-year LPR at 3.50% as of January 20, 2026 [1] - The last adjustment to the LPR occurred in May 2025, when both the one-year and five-year LPRs were reduced by 10 basis points [1] - A structural "rate cut" was implemented on January 19, 2026, with a reduction of 0.25 percentage points in the re-lending and rediscount rates to support key strategic areas [1] Group 2 - The People's Bank of China (PBOC) indicated that there is still room for further interest rate cuts in 2026, citing stable exchange rates and a favorable internal banking environment [2] - The net interest margin of banks has stabilized at 1.42% for two consecutive quarters, which may facilitate future rate cuts [2] - The PBOC's recent adjustments to various re-lending rates are expected to lower banks' interest costs and stabilize net interest margins, creating space for potential interest rate reductions [2]
1月LPR保持不变：1年期3.0% 5年期以上3.5%
Sou Hu Cai Jing·2026-01-20 02:31