[SMM Steel Market Morning News: June LPR (Loan Prime Rate) Remains Unchanged, in Line with Market Expectations] June LPR (Loan Prime Rate) remains unchanged, which is in line with market expectations. On June 17th, the People's Bank of China (PBOC) renewed the expired MLF (Medium-term Lending Facility) with an unchanged operation rate of 2.5%. Since the MLF rate is the anchor rate for LPR quotes, its change will have a direct and effective impact on LPR. Therefore, with the unchanged MLF rate, the probability of a reduction in this month's LPR has been significantly reduced.
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