With the implementation of recent interest rate cuts, the new LPR to be released in October is expected to be lowered. Wang Qing, chief macro analyst at Dongfang Jincheng, said that it is expected that the LPR for the two varieties due in October will be lowered by 20 basis points. First, the central bank cut the policy interest rate, the 7-day reverse repurchase rate, by 20 basis points. As the pricing basis for current LPR quotes, the reduction in policy interest rates will directly drive LPR follow-up adjustments. With the introduction of a package of incremental policies one after another, macroeconomic policies are being fully strengthened in the direction of steady growth. The LPR reduction is in line with the current general direction of macroeconomic policy, and is a key link in transmitting the central bank's “strong interest rate cuts” to the real economy.

With the implementation of recent interest rate cuts, the new LPR to be released in October is expected to be lowered. Wang Qing, chief macro analyst at Dongfang Jincheng, said that it is expected that the LPR for the two varieties due in October will be lowered by 20 basis points. First, the central bank cut the policy interest rate, the 7-day reverse repurchase rate, by 20 basis points. As the pricing basis for current LPR quotes, the reduction in policy interest rates will directly drive LPR follow-up adjustments. With the introduction of a package of incremental policies one after another, macroeconomic policies are being fully strengthened in the direction of steady growth. The LPR reduction is in line with the current general direction of macroeconomic policy, and is a key link in transmitting the central bank's “strong interest rate cuts” to the real economy.