LPR has remained unchanged for six consecutive months. Experts predict that the policy rate cut in the second quarter will drive down LRR quotations

On April 21, the loan market quotation rate (LPR) quotation was released. The LPR for more than 5 years was 3.6%, and the LPR for 1 year was 3.1%. Both were the same as the previous value and remained unchanged for six consecutive months. Wang Qing, chief macro analyst at Oriental Jincheng, said that the LPR quotation in April continued to "stay put", which was in line with market expectations. However, he expected that the policy interest rate cut in the second quarter would drive the LRR quotation down. When the external economic and trade environment changes, the domestic real estate market and price trends, the second quarter "opportunity to cut interest rates" is ripe, and the possibility of advancing to April cannot be ruled out. In the future, the LPR quotation will bring a certain pressure on the bank to narrow the net interest margin, which will be mainly relieved by guiding the deposit interest rate down and comprehensively reducing the cost of funds for banks.