New LPR, unchanged! What is the impact? Experts: The fourth quarter interest rate adjustment new trend
2024-09-27
On September 20, the People's Bank of China (hereinafter referred to as the "Central Bank ") authorized the National Interbank Lending Center to publish the new loan market report
Price interest rate (LPR). Among them, the one-year LPR was 3.35%, compared with 3.35% last month; The LPR over five years was 3.85%, up from last month
3.85%, maintain the previous offer unchanged.
On the same day, the central bank carried out 571.9 billion yuan of reverse repurchase operations in the form of fixed interest rate and quantity bidding. Among them, the open market period is 7 days
The reverse repo rate remained unchanged at 1.7%.
LPR is the main reference benchmark of loan interest rate pricing. The current bank net interest margin level is generally low, open market 7-day reverse repurchase
The operating rate has remained unchanged in the near term, or indicates that the LPR quote will remain unchanged in September.
Fed rate cut "boots on the ground". The interest rate differential between China and the United States is narrowed, the depreciation pressure of the RMB exchange rate is reduced, and China's monetary policy is reduced
The operating space of the policy is then widened. However, China's monetary policy emphasizes "I am the main", experts believe that although the central bank did not set up in September
That is, interest rate cuts, but the central bank is more likely to cut interest rates in the fourth quarter.
Price interest rate (LPR). Among them, the one-year LPR was 3.35%, compared with 3.35% last month; The LPR over five years was 3.85%, up from last month
3.85%, maintain the previous offer unchanged.
On the same day, the central bank carried out 571.9 billion yuan of reverse repurchase operations in the form of fixed interest rate and quantity bidding. Among them, the open market period is 7 days
The reverse repo rate remained unchanged at 1.7%.
LPR is the main reference benchmark of loan interest rate pricing. The current bank net interest margin level is generally low, open market 7-day reverse repurchase
The operating rate has remained unchanged in the near term, or indicates that the LPR quote will remain unchanged in September.
Fed rate cut "boots on the ground". The interest rate differential between China and the United States is narrowed, the depreciation pressure of the RMB exchange rate is reduced, and China's monetary policy is reduced
The operating space of the policy is then widened. However, China's monetary policy emphasizes "I am the main", experts believe that although the central bank did not set up in September
That is, interest rate cuts, but the central bank is more likely to cut interest rates in the fourth quarter.
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