Today, the National Interbank Funding Center, authorized by the People's Bank of China, announced the Loan Prime Rate (LPR) for July 21, 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 predict that there will be a policy observation period in the short term, and the LPR quotes will continue to remain stable. Looking ahead, during the process of vigorously boosting domestic demand and "making greater efforts to promote the stabilization and recovery of the real estate market," there is still room for policy interest rates and LPR quotes to be lowered.