Reduce the first year of the real economy financing cost and the second time the year of the LPR year.

Text/Liu Jia

On August 22, the People's Bank of China authorized the National Bank of China Interbank Borrowing Center to announce that the latest loan market quotation interest rate (LPR) was: one -year LPR was 3.65%, which was 5bp from last month;%, 15bp down from last month.

According to industry analysts, the LPR interest rate reduction will help guide financial institutions to reduce the cost of personal and enterprise financing, stabilize the market expectations of the market for economic recovery, and boost the financing needs of individuals and enterprises.Among them, the 5 -year LPR interest rate will be reduced, which will directly reduce the cost of buying housing in the manufacturing industry and residents' commercial housing.

Earlier, the 1 -year LPR in July was 3.7%, and the LPR of more than 5 years was 4.45%.

As early as May of this year, LPR more than 15BP has been reduced alone in 5 years, the largest decline in the LPR reform in August 2019.

However, in January of this year, the 1 -year LPR and LPR more than 5 -year LPR lowered 10bp and 5bp, respectively.

Edit: Meng Junlian

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