Financials Jun 28, 2022 06:34 AM (GMT+8) · EqualOcean
The economic daily published an article saying that, next, to promote the steady decline of the real loan interest rate, we still need to give full play to the role of the market interest rate pricing self-discipline mechanism and continue to release the reform efficiency of the LPR formation mechanism. At present, a series of economic stabilization policies are trying to guide finance to support the real economy with greater efforts, which means that there is still room for the real loan interest rate to decline. Focusing on stimulating the credit demand of enterprises and residents, the regulatory authorities will also urge to speed up the implementation of early-stage policies, increase credit supply, and fully tap the potential of the newly established market-based adjustment mechanism of deposit interest rate in reducing the cost of bank liabilities. In this context, financial institutions will also continue to make profits to the real economy, which will further drive the real loan interest rate downward.

This text is a result of machine translation.