LPR has not been adjusted, and there is still downward potential in the future.

The People's Bank of China announced on August 20 that the latest loan market quotation rate will be released by the National Interbank Funding Center. The 1-year period Loan Prime Rate (LPR) is 3.0%, while the LPR for a period of 5 years or longer is 3.5%, both remaining unchanged from the previous period. This marks the third consecutive month of the LPR remaining stable since it decreased in May this year. Experts suggest that in the first half of the year, the macroeconomic situation has been steadily improving, and there is currently no urgent need to further guide the LPR down to strengthen counter-cyclical adjustments. However, with factors such as boosting domestic demand in the future, there is still room for the LPR to decrease.