Pan Gongsheng, governor of the People's Bank of China, recently said at the 2024 Lujiazui Forum that he will continue to reform and improve the quoted interest rates in the loan market, focusing on improving the quality of LPR quotes in response to some of the quoted interest rates significantly deviating from the actual most favorable customer rates.。Looking ahead, market participants believe that the optimization direction of LPR includes the expansion of the number of quoted banks, the management of assets and liabilities of quoted banks, and the further improvement of the quality of quoted prices.。LPR itself does not necessarily need to be pegged or referenced to MLF rates, and may refer to 7-day reverse repo rates, deposit rates, interbank issuance rates, Treasury yields, etc. in future pricing.。(SSE)
Pan Gongsheng, governor of the People's Bank of China, recently said at the 2024 Lujiazui Forum that he will continue to reform and improve the quoted interest rates in the loan market, focusing on improving the quality of LPR quotes in response to some of the quoted interest rates significantly deviating from the actual most favorable customer rates.。Looking ahead, market participants believe that the optimization direction of LPR includes the expansion of the number of quoted banks, the management of assets and liabilities of quoted banks, and the further improvement of the quality of quoted prices.。LPR itself does not necessarily need to be pegged or referenced to MLF rates, and may refer to 7-day reverse repo rates, deposit rates, interbank issuance rates, Treasury yields, etc. in future pricing.。(SSE)
Pan Gongsheng, governor of the People's Bank of China, recently said at the 2024 Lujiazui Forum that he will continue to reform and improve the quoted interest rates in the loan market, focusing on improving the quality of LPR quotes in response to some of the quoted interest rates significantly deviating from the actual most favorable customer rates.。Looking ahead, market participants believe that the optimization direction of LPR includes the expansion of the number of quoted banks, the management of assets and liabilities of quoted banks, and the further improvement of the quality of quoted prices.。LPR itself does not necessarily need to be pegged or referenced to MLF rates, and may refer to 7-day reverse repo rates, deposit rates, interbank issuance rates, Treasury yields, etc. in future pricing.。(SSE)
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