Experts expect that the loan market quoted interest rate announced on October 21 will also reflect a corresponding decline in policy interest rate changes, indicating that market-based interest rate regulation mechanisms have been further improved and interest rate transmission channels have been effectively unblocked. Second, it is conducive to stabilizing bank debt costs, easing the pressure on commercial banks to narrow net interest spreads, and balancing the balance of supporting the real economy and the steady operation of banks. In recent years, commercial banks have continued to step up efforts to make concessions to the real economy. The bank's net interest spread for the second quarter of 2024 was 1.54%, falling to the lowest level in history. “After the central bank adjusts policy interest rates, it will drive LPR to follow the decline. Combined with the batch adjustment of interest rates on stock mortgages to be implemented in October, it is even more urgent for commercial banks to stabilize net interest spreads.” Experts said that the current adjustment of interest rates on deposits by commercial banks will help reduce bank debt costs, support stable net interest spreads, and enhance the sustainability of financial support for the real economy.

Experts expect that the loan market quoted interest rate announced on October 21 will also reflect a corresponding decline in policy interest rate changes, indicating that market-based interest rate regulation mechanisms have been further improved and interest rate transmission channels have been effectively unblocked. Second, it is conducive to stabilizing bank debt costs, easing the pressure on commercial banks to narrow net interest spreads, and balancing the balance of supporting the real economy and the steady operation of banks. In recent years, commercial banks have continued to step up efforts to make concessions to the real economy. The bank's net interest spread for the second quarter of 2024 was 1.54%, falling to the lowest level in history. “After the central bank adjusts policy interest rates, it will drive LPR to follow the decline. Combined with the batch adjustment of interest rates on stock mortgages to be implemented in October, it is even more urgent for commercial banks to stabilize net interest spreads.” Experts said that the current adjustment of interest rates on deposits by commercial banks will help reduce bank debt costs, support stable net interest spreads, and enhance the sustainability of financial support for the real economy.