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Experts Predict Limited Urgency for CN to Cut Rates in ST, 2Q Rate-Cut Window Likely to Open: Report
Recommend 18 Positive 44 Negative 10 |
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Authorized by the People's Bank of China, the National Interbank Funding Center announced that the loan prime rate (LPR) for March 2025 was 3.1% for a one-year term and 3.6% for a term of over five years, with both quoted rates unchanged from the previous month. The Cailian Press cited several industry insiders as saying that the unchanged March LPR in China aligned with market expectations, mainly due to the stability of the seven-day reverse repo rate, continued pressure on banks' net interest margins, and a lack of motivation for quoting banks to lower LPR quotes. In addition, economic vitality has increased after the introduction of a series of incremental policies, making the urgency for interest rate cuts relatively limited in the short term. Looking ahead, industry insiders estimated that lowering policy rates would remain the general direction for this year, and that there will be a possibility for an interest rate cut window to open in 2Q, which would then guide a follow-up reduction in LPR quotes. AAStocks Financial News |
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