LPR Unchanged in July, Meeting Expectations; Room for Further Downward Adjustments Remains for the Year
3 week ago / Read about 0 minute
Author:小编   

The consensus among industry experts is that there is still scope for a downward adjustment in the Loan Prime Rate (LPR) within this year. Wen Bin, Chief Economist at China Minsheng Bank, emphasized the likelihood of further reductions in reserve requirement ratios and interest rates during the third or fourth quarter. This, he anticipates, will propel a concurrent decrease in the LPR, thereby sustaining credit stability. Wang Qing, Chief Macro Analyst at Oriental Gold Credit Rating, shares a similar view, arguing that given the external environment's uncertainties in the second half of the year, policy interest rates and LPR quotes might continue to decline. Additionally, Wang believes that the central bank may further cut interest rates to reduce social financing costs.