Analyst: 7-day reverse repurchase rate and LPR may be appropriately reduced in a timely manner.

He Fan, senior researcher at the macro market department of Xingye Research, believes that the first quarter of this year is a time point where loan repricing and deposit maturity are relatively concentrated. In consideration of maintaining interest rate differentials, the People's Bank of China first lowered the re-lending rate, which helps create conditions for subsequent reductions in policy rates. He Fan said that the 7-day reverse repurchase rate and the Loan Prime Rate (LPR) may be timely lowered.