The LPR interest rate is quoted by the quoting bank. 18 LPR quotation banks are all of the same type, with strong influence, credibility and pricing power, and need to quote the best quality customers according to the bank's loan interest rate. In other words, the quotation of the quotation bank is supported by real transactions.
Extended data:
20265438+Latest central bank LPR interest rate in February (654381updated on October 20th):
One-year lpr interest rate: 3.85%
Five-year lpr interest rate: 4.65%
The current LPR includes 1 year and more than 5 years. LPR has a high degree of marketization, which can fully reflect the supply and demand of funds in the credit market. Using LPR for loan pricing can promote the marketization of loan interest rate and improve the transmission efficiency from market interest rate to credit interest rate.
Fenghuang. com -202 1 1 LPR announcement: 1 LPR is 3.85%.