The new LPR stands still, and there is room for decline next year.

The interest rates for the new round of loan market quotations will be released on November 20th, with no adjustments to the 1-year and 5-year LPRs. Experts believe that LPR has been significantly reduced this year, driving down the financing costs for enterprises and residents continuously. The cumulative effects of previous policy adjustments continue to be evident, and the unchanged LPR in this period is in line with market expectations. However, there is still room for further decrease next year.