On December 20, the last LPR (Loan Prime Rate) of 2024 was released. The People's Bank of China authorized the National Interbank Lending Center to announce that on December 20, the 1-year LPR was 3.1% and the LPR for five years and above was 3.6%, with both rates remaining unchanged from the previous values. CITIC SEC's chief economist, Mingming, stated that the recent Central Economic Work Conference set the tone for the next stage of monetary policy as 'moderately accommodative,' while also mentioning 'timely interest rate and reserve requirement cuts,' indicating that there is still room for future reductions in LPR. Additionally, under the demand for optimizing LPR quote quality, there may also be considerable room for unilateral LPR reductions. (Securities Daily)
年内最后一期LPR维持前值不变 后续调降仍有空间
The last LPR (Loan Prime Rate) of the year remains unchanged from the previous value, and there is still room for future reductions.
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