LPR has remained unchanged for 13 consecutive months, and the benchmark interest rates for loans are expected to diversify.

On June 22, the People's Bank of China authorized the National Interbank Funding Center to publish the new loan market quotation interest rates. The 1-year term is 3.0%, and the term of 5 years or more is 3.5%, remaining unchanged for 13 consecutive months. Experts say that the unchanged LPR for both terms in June is in line with market expectations. They analyze that on the one hand, this is because the main policy interest rates have remained unchanged, so there has been no change in the pricing basis for the LPR that month. On the other hand, from the perspective of maintaining interest rate differentials, the quoting banks currently lack the motivation to proactively adjust their LPR pricing.