Although many experts consider the unchanged MLF rate to be one of the reasons why LPR did not change this month, industry insiders also remind that LPR quotes themselves do not necessarily need to be linked to MLF rates. Currently, under the influence of various factors, the bank's own LPR quotes do not fully and accurately reflect its actual most favorable customer loan interest rate, which is also a similar problem before the developed economic entity financial institution promoted LIBOR reform. "At the Lujiazui Forum on June 19, Pan Gongsheng, the governor of the central bank, mentioned the expression that "we can consider clarifying a certain short-term operation interest rate of the central bank as the main policy interest rate" and "continuously reforming and improving the loan market quotation interest rate (LPR)", which also clearly indicates to the market that it is appropriate to further dilute the relationship between LPR and MLF interest rates in the future." Ming Ming, chief economist of CITIC Securities said. (China Financial Times)