Jinshi Data News on June 20th, Wen Bin, Chief Economist of Minsheng Bank, said that the reason why the June LPR quotation remained unchanged was mainly due to: First, the June MLF interest rate remained unchanged, and the pricing basis of LPR quotation did not change. Second, the net interest margin of commercial banks is still narrowing, and there is no short-term downward space for LPR quotation. Third, some loan interest rates are already low, and the LPR quotation remains unchanged, which is also aimed at preventing empty conversion and improving efficiency. Wen Bin predicts that in the short term, the policy interest rate will remain stable, but in order to reduce financing costs and maintain the stability of bank net interest margins, deposit interest rates still need to be further lowered, and the fastest may land from mid-year to the third quarter, thereby opening up certain downward space for subsequent LPR quotations. In addition, combined with internal and external factors, the implementation conditions of policy interest rate cuts are gradually accumulating, and the window is expected to open in the third quarter.
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温彬: Haziran LPR fiyatları 'beklemeye devam etmek' trendini sürdürüyor, sonrasında hala belirli bir düşüş alanı var.
Jinshi Data News on June 20th, Wen Bin, Chief Economist of Minsheng Bank, said that the reason why the June LPR quotation remained unchanged was mainly due to: First, the June MLF interest rate remained unchanged, and the pricing basis of LPR quotation did not change. Second, the net interest margin of commercial banks is still narrowing, and there is no short-term downward space for LPR quotation. Third, some loan interest rates are already low, and the LPR quotation remains unchanged, which is also aimed at preventing empty conversion and improving efficiency. Wen Bin predicts that in the short term, the policy interest rate will remain stable, but in order to reduce financing costs and maintain the stability of bank net interest margins, deposit interest rates still need to be further lowered, and the fastest may land from mid-year to the third quarter, thereby opening up certain downward space for subsequent LPR quotations. In addition, combined with internal and external factors, the implementation conditions of policy interest rate cuts are gradually accumulating, and the window is expected to open in the third quarter.