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1, the central bank's base interest rate lpr, which means that the central bank implements the lpr interest rate as the benchmark interest rate for loan pricing, and banks can only add their own codes to this interest rate, but cannot reduce it. The lpr interest rate is based on the common quotation of 18 bank, excluding a highest value and a lowest value, and then averaging and updating on the 20th of each month. From 20 19 10 8, the mortgage interest rate will enter the monthly subscription era, and the actual loan interest rate is subject to the approval result of the loan bank. Lpr interest rate and benchmark interest rate
2. The benchmark interest rate is the guiding interest rate set by the People's Bank of China. The current benchmark interest rate set by the People's Bank of China has been implemented since 2065438+20051October 24th. The current benchmark loan interest rate has remained unchanged since 20 15. The loan interest rate below 1 is 4.35%, the loan interest rate for one to five years is 4.75%, and the benchmark interest rate for five years is still 4.9%. It can be seen that the benchmark interest rate set by the People's Bank of China is mainly used as a reference index for financial institutions and markets, and the market interest rate can fluctuate around the benchmark interest rate. The benchmark interest rate is basically a tool for the People's Bank of China to regulate the financial market.
3.LPR is the market quotation, which may change every month. Now, after the LPR is formed every month, the People's Bank of China authorizes the National Interbank Funding Center to announce it. For example, the latest one-year LPR is 4. 15%, while the five-year LPR interest rate is 4.8%. According to the regulations of the People's Bank of China, the current loan interest rate is the actual loan interest rate formed by adding LPR, which is determined by each commercial bank according to its own situation. In other words, the interest rates of bank loans in the market are all formed by adding points on the basis of LPR. Therefore, from now on, the bank loan interest rate is more market-oriented, and the basic LPR of the bank loan interest rate is an average interest rate in the loan market, so the loan interest rate may be more scientific and more reflective of the actual situation.