LPR remained unchanged in May: 3.45% for 1-year period and 3.95% for 5-year period and above
Source: Leju House 2024-05-20 13:29:19
abstract
Same as last month
The People's Bank of China authorizes the National Interbank Funding Center to announce that the loan market quoted rate (LPR) on May 20, 2024 is: The 1-year LPR is 3.45%, and the 5-year LPR is 3.95%, both of which remain unchanged from the previous month.
The above LPR is valid before the next LPR release.
In this regard, industry insiders said that LPR would not change in line with market expectations. The MLF operating interest rate remained unchanged in May, which means that the LPR quotation basis remained stable that month. The LPR remains unchanged, which also helps the bank to keep the interest margin basically stable. LPR interest rate adjustment needs to reflect its own capital cost, market supply and demand, risk premium and other factors. Looking forward to the later stage, the industry expects that there is still room for LPR interest rate to be lowered, but the range will be narrowed.
