---
title: "The LPR has remained unchanged for 5 consecutive months, analysts expect: there is still a possibility of a reduction within the year"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/261932417.md"
description: "The LPR has remained unchanged for 5 consecutive months, and analysts expect there may still be room for a reduction within the year. Due to increased external volatility and the impact of high tariff policies in the United States on global trade, China needs to strengthen efforts to stabilize growth and employment in the fourth quarter. There is room for a reduction in policy interest rates and LPR quotes, especially against the backdrop of the Federal Reserve potentially continuing to cut interest rates, which weakens the constraints on implementing moderately loose monetary policy domestically. Wang Qing, chief macro analyst at Dongfang Jincheng, predicts that the central bank may implement a new round of interest rate cuts and reserve requirement ratio reductions before the end of the year, driving down the LPR"
datetime: "2025-10-20T19:21:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261932417.md)
  - [en](https://longbridge.com/en/news/261932417.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261932417.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/261932417.md) | [繁體中文](https://longbridge.com/zh-HK/news/261932417.md)


# The LPR has remained unchanged for 5 consecutive months, analysts expect: there is still a possibility of a reduction within the year

According to Securities Daily, "Recently, external fluctuations have increased, and the impact of the United States' high tariff policy on global trade and China's exports may further manifest in the fourth quarter. Coupled with the recent decline in investment and consumption growth rates, the necessity to strengthen growth and stabilize employment in the fourth quarter has risen. There is room for policy interest rates and LPR quotes to be lowered within the year. It is worth noting that the Federal Reserve resumed interest rate cuts in September and may continue to do so, further weakening the constraints of external factors on the domestic implementation of moderately loose monetary policy." Wang Qing, Chief Macro Analyst at Dongfang Jincheng, expects that the central bank may implement a new round of interest rate cuts and reserve requirement ratio reductions before the end of the year, which will drive the LPR of two maturities to follow suit with reductions

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