Xinhua News Agency, Beijing, 65438+February 20th (Reporter Wu Yu) On the 20th, the new loan market quotation rate (LPR) was released. 1 year LPR is lowered by 5 basis points to 3.8% compared with the previous period, and LPR over 5 years will not be adjusted.

On the same day, the People's Bank of China authorized the National Interbank Funding Center to announce that the LPR of 1 year was 3.8%, and that of 5 years and above was 4.65%. The biggest monthly decline since the reform on April 20, 2020, the LPR of 1 year and above has been "staying put" until the LPR of 1 year is lowered by 5 basis points.

As an important step to deepen the interest rate marketization reform, in August, 2065438+2009, the People's Bank of China announced that LPR would be the main reference for banks to issue new loans, and it would be published regularly every month. The adjustment of LPR has a strong direction and guidance. The downward trend of LPR can lower the real interest rate of corporate financing and reduce the financing cost of the real economy.

Loan market quotation:

The best lending rate (LPR) refers to the interest rate calculated and published by the National Interbank Funding Center authorized by the People's Bank of China according to the lending rate and open market operating rate of the best quality customers by the quoted banks.

The actual loan interest rate issued by the bank can be determined according to the borrower's credit situation, on the basis of the quoted interest rate in the loan market, taking into account factors such as mortgage, term, floating mode and type of interest rate, etc.

LPR quotation bank is currently composed of 65,438+08 commercial banks. The quotation bank shall quote to the National Interbank Funding Center at the open market operating rate (mainly referring to the medium-term lending convenience rate) before 9: 00 on the 20th of each month (postponed in case of holidays).

After removing the highest and lowest quotations, the National Interbank Funding Center calculates the quotation rate of the loan market through arithmetic average. At present, LPR includes 1 year and more than 5 years.