期货日报网讯(记者曲德辉肖佳煊)中国人民银行授权全国银行间同业拆借中心今日公布，2025年7月21 日贷款市场报价利率(LPR)为1年期LPR为3.0%，5年期以上LPR为3.5%，均与上期持平。以上LPR在下 一次发布LPR之前有效。 展望下半年LPR调整方向，东方金诚首席宏观分析师王青指出，下半年外部环境仍面临很大不确定性， 在大力提振内需、"更大力度推进房地产市场止跌回稳"过程中，政策利率及LPR报价还有下调空间。王 青预计，外部环境波动对出口的影响将主要在下半年显现，在物价水平偏低的背景下，预计下半年央行 还会继续降息，并带动两个期限品种的LPR报价跟进下调。这将引导企业和居民贷款利率更大幅度下 行，激发内生性融资需求，这也是下半年促消费扩投资、对冲外需放缓的一个重要发力点。 LPR是贷款市场报价利率(Loan Prime Rate)的简称，是具有代表性的报价行对其最优质客户的贷款利 率，以公开市场操作利率加点形成的方式报价，由人民银行授权全国银行间同业拆借中心计算并公布的 基础性的贷款参考利率。LPR每月产生一次，是贷款利率定价的主要参考基准。 格林大华期货首席专家王骏认为，此前一年期和五年期LPR ...

Core Viewpoint - The People's Bank of China has maintained the Loan Prime Rate (LPR) for both 1-year and 5-year terms at 3.0% and 3.5% respectively, for two consecutive months, aligning with market expectations due to unchanged policy rates since May [1] Group 1: LPR and Monetary Policy - The 1-year LPR remains at 3.0% and the 5-year LPR at 3.5%, reflecting stability in the current monetary policy environment [1] - Analysts suggest that the unchanged LPR is strategic, allowing for better alignment with upcoming counter-cyclical measures aimed at supporting the real economy and stabilizing the banking system [1][2] Group 2: Economic Outlook - Recent macroeconomic data indicates that China's economic growth rate and internal momentum in Q2 exceeded market expectations, providing a solid foundation for achieving annual targets [1] - There is an expectation of further interest rate cuts in the second half of the year to stimulate domestic demand and counteract external uncertainties, with potential impacts on LPR adjustments [2]