Compared with the LPR data in March, the LPR of 1 year is 4.05%, and that of more than 5 years is 4.75%. This time, the LPR of 1 year and over 5 years decreased by 20 basis points and 10 basis points, respectively, which was the biggest decline since last August.
Extended data
In order to guide the downward trend of loan interest rate, the central bank has already made full preparations for volume and price: after the 7-day central bank reverse repurchase operation interest rate was lowered by 20 basis points at the end of March, the bid-winning interest rate of the newly launched MLF operation by the central bank was also lowered by 20 basis points in the morning of April 15.
Since the beginning of this year, the central bank has used quantitative monetary policy tools such as RRR reduction, refinancing rediscount and MLF to encourage and guide financial institutions to increase their support for the real economy while maintaining reasonable and sufficient liquidity. From the perspective of the real estate market, the 5-year LPR can better reflect the trend of mortgage interest rate. For individuals, the biggest impact of LPR market is mortgage.
People's Daily Online-In April, LPR hit its biggest decline since last August. 1100,000 mortgage can be less than 20,000 in 30 years.