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What does it mean that the lpr interest rate is 0?
The loan market quoted interest rate is 0. LPR is the benchmark interest rate issued by the People's Bank of China, which is used to guide the pricing of loan interest rates of commercial banks. A LPR of 0 means that the quoted interest rate in the loan market is 0, which may be due to the loose monetary policy adopted by the central bank to stimulate economic growth and promote credit flow. This means that commercial banks can provide loans to borrowers at lower interest rates, reduce borrowing costs, and encourage enterprises and individuals to increase investment and consumption.