Wen Bin, chief economist at Minsheng Bank, said that the LPR price remained flat in April, mainly because MLF interest rates remained unchanged in April, and the pricing basis for LPR quotes did not change. Second, loan interest rates have continued to decline sharply since this year, bank net interest spreads continue to be under pressure, and there is no room for LPR prices to be lowered again in the short term. Third, deposit competition has intensified since the beginning of the year. Overall, it is not conducive to cost control of core deposits, and the reduction in LPR points has been further limited. Fourth, interest rates on some credits are currently low, and LPR quotes remain unchanged. They are also aimed at preventing idling and improving efficiency. Wang Qing, chief macro analyst at Dongfang Jincheng, believes that due to the low price level, the real economy's actual financing costs are currently high. The focus is on boosting overall macroeconomic demand, and future LPR quotes may still follow up with MLF interest rate cuts. Based on current prices and economic trends, Wang Qing determined that MLF interest rates may be lowered in the third quarter. This will drive follow-up adjustments in LPR quotes for the two term types, which in turn will drive interest rates on corporate and residential loans to continue to decline. At the same time, the reduction in LPR prices will drive down loan interest rates, which will also provide more favorable conditions for mitigating local debt risks this year.