LPR’s rise of 108 basis points is not a loss.

The LPR interest rate plus 108 basis points means that the LPR interest rate is composed of the published LPR value plus 108 basis points.

The calculation method of adding 108 basis points to LPR is as follows: the LPR over 5 years announced on November 20, 2020 is 4.650%.

If 108 basis points are added, then it is 4.65%+1.08%=5.73%.

The term "basis point" originates from the trading "basis" or the difference between two interest rates.

Since the base is usually smaller, the reference is multiplied by 10,000, so the "full point" movement of the "base" is the base. The opposite of the gap in the FX forwards market.