People close to the central bank said that the impact of this stock mortgage interest rate adjustment on banks' net interest spreads remains neutral in general. After the central bank liberalized the lower interest rate limit for housing loans on May 17, interest rates on mortgages declined markedly, and the gap between interest rates on newly issued and existing personal housing loans widened once again. Many existing mortgages choose to repay loans early. This not only causes banks to lose interest income, but also causes phenomena such as operating loans and consumer loans replacing mortgages. After interest rates on stock mortgages are lowered again, the spread between old and new loans can be leveled, which can effectively reduce the pressure on early repayment and offset banks' interest losses to a certain extent. Experts expect that as the effects of this interest rate cut and downgrade policy gradually become apparent, deposit interest rates will also be adjusted accordingly, which will further reduce the bank's interest burden. Taking into account the above policy combinations, the impact on banks' net interest spreads is generally neutral.

People close to the central bank said that the impact of this stock mortgage interest rate adjustment on banks' net interest spreads remains neutral in general. After the central bank liberalized the lower interest rate limit for housing loans on May 17, interest rates on mortgages declined markedly, and the gap between interest rates on newly issued and existing personal housing loans widened once again. Many existing mortgages choose to repay loans early. This not only causes banks to lose interest income, but also causes phenomena such as operating loans and consumer loans replacing mortgages. After interest rates on stock mortgages are lowered again, the spread between old and new loans can be leveled, which can effectively reduce the pressure on early repayment and offset banks' interest losses to a certain extent. Experts expect that as the effects of this interest rate cut and downgrade policy gradually become apparent, deposit interest rates will also be adjusted accordingly, which will further reduce the bank's interest burden. Taking into account the above policy combinations, the impact on banks' net interest spreads is generally neutral.