Financials Jul 15, 2021 07:06 AM (GMT+8) · EqualOcean
Mingming, deputy director of CITIC Securities Research Institute and chief ficc analyst, said that by injecting stable funds into financial institutions, the RRR reduction will promote the reduction of comprehensive costs, which is expected to drive the LPR adjustment, but the MLF interest rate and price transmission delay may restrict its downward space. Therefore, we need to pay attention to this month's LPR quotation, whose changes will affect the subsequent monetary policy adjustment and the trend of medium and long-term interest rates. Zheshang Securities Research Report also believes that the comprehensive capital cost of banks can be reduced by reducing reserve requirements and replacing mature MLF, and then lead to the downward trend of LPR and entity financing cost, and there is the possibility of LPR decline in the future.

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