What does lpr interest rate conversion mean?
20 1 9 65438+announcement of the people's bank of China [20 19] No.30 on February 28th: from March12020 to August 3 1 2020, financial institutions shall negotiate with customers of floating rate loans on the conversion terms of the pricing benchmark, and will Pricing benchmark can only be converted once, and cannot be converted again after conversion. In the last repricing cycle, the floating-rate loan of inventory shall not be converted.