The LPR has remained unchanged for 5 consecutive months, analysts expect: there is still a possibility of a reduction within the year

According to Securities Daily, "Recently, external fluctuations have increased, and the impact of the United States' high tariff policy on global trade and China's exports may further manifest in the fourth quarter. Coupled with the recent decline in investment and consumption growth rates, the necessity to strengthen growth and stabilize employment in the fourth quarter has risen. There is room for policy interest rates and LPR quotes to be lowered within the year. It is worth noting that the Federal Reserve resumed interest rate cuts in September and may continue to do so, further weakening the constraints of external factors on the domestic implementation of moderately loose monetary policy." Wang Qing, Chief Macro Analyst at Dongfang Jincheng, expects that the central bank may implement a new round of interest rate cuts and reserve requirement ratio reductions before the end of the year, which will drive the LPR of two maturities to follow suit with reductions