LPR quotes remained unchanged in June, with an interest rate cut possible in H2.

Published: Jun 20, 2025 10:43

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Today, the National Interbank Funding Center, authorized by the People's Bank of China, announced the Loan Prime Rate (LPR) for June 20, 2025: the 1-year LPR is 3.0%, and the LPR for loans with a maturity of over 5 years is 3.5%. The LPR quotes for both tenors remained unchanged MoM. Industry insiders expect that the market will enter a policy observation period in the short term, and the LPR quotes are likely to remain stable. Looking ahead, it is expected that the central bank will continue to cut interest rates in H2, and the LPR quotes for both tenors will decline. In addition, regulators may further reduce residents' mortgage interest rates by a larger margin in H2, possibly by separately guiding the downward adjustment of the LPR quotes for loans with a maturity of over 5 years.

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