China's July LPR Seen Remaining Unchanged-Daily

The benchmark Loan Prime Rate may remain unchanged in July, as the central bank is unlikely to lower the rate of Medium-term Lending Facility, an anchor of the LPR, with the economy entering a period of recovery, the Securities Daily reported. The current financing environment remains loose with actual loan interest rates at a low level, while credit demand is also recovering, the newspaper said citing analysts. Though there is a possibility of further lowering LPR in the second half of the year, especially for the five-year and above maturity, which is dependent on the pace of economic recovery in H2, the newspaper said citing analysts. LPR is released on the 20th of every month.