June LPR maintained analysts judged that it would not affect the actual loan interest rate continued to reduce

Yangcheng Evening News reporter Dai Manman reports: On the 20th, the People's Bank of China authorized the latest issue of LPR (loan market quotation interest rate). Data show that the 1 -year LPR is 3.7%, and the LPR of more than 5 years is 4.45%, which is the same as last month.

From the perspective of market analysts, LPR has not been adjusted in June and is also in line with market expectations. As LPR quotation is formed on the basis of the interest rate of medium -term borrowing (MLF), the interest rate operation on June 15 remains unchanged. At the same time The quotation of LPR above the period is reduced by 15 basis points, which has a large range, which has already made the market ’s“ do not move ”for LPR this month.

Zhou Maohua, a macro researcher at the Everbright Bank Financial Market Department, analyzed that one of the main reasons for the LPR quotation interest rate this month is that the new loan scale of the real economy in May exceeds expectations. It reflects that monetary policy supports the resumption of the real economy. "LPR quotes remain unchanged, which will not affect domestic continued guiding financial institutions to increase the weak links, key and emerging fields of real economy." Zhou Maohua said.

Dongfang Jincheng's chief macro analyst Wang Qing judged that the June LPR quotation remains unchanged and will not affect the actual loan interest rate. "The current economy is in the early stages of restoration, and policy surfaces are focusing on guiding banks to increase credit investment to allow the real economy." Wang Qing said that it focuses on stimulating the demand for credit in enterprises and residents. In the short term In addition, the recent structural policies such as increased support for small WeChat credit have been fully developed, which will also form a certain "price reduction" effect while driving the incremental expansion of bank loans.

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