China's loan interest rate has hit a record low, and the
comprehensive financing costs of small and micro enterprises have stabilized and declined
Beijing, August 10 (Reporter Xu Peiyu) On the 9th, the People’s Bank of China released the second quarter of this year’s China Monetary Policy Implementation Report, which shows that since this year, the People’s Bank of China has continued to release the potential of lending market quotation interest rate reform to promote lower loan interest rates. , To further promote the use of the loan market quoted interest rate (LPR), optimize the supervision of deposit interest rates, adjust the method of determining the self-regulatory upper limit of deposit interest rates, and promote the steady decline of social comprehensive financing costs.
In June, the weighted average interest rate of loans was 4.93%, a record low since statistics; the weighted average interest rate of corporate loans was 4.58%, a decrease of 0.06 percentage points from the same period last year, and the comprehensive financing cost of small and micro enterprises was steadily decreasing.
At the same time, the credit structure continued to be optimized. At the end of June, the balance of inclusive small and micro loans and long-term and medium-term manufacturing loans grew at 31% and 41.6%, respectively.
The report pointed out that in the next stage, a prudent monetary policy should be flexible, precise, reasonable and appropriate, and stable. Adhere to normal monetary policy, do a good job in cross-cycle policy design, enhance macro policy autonomy, and grasp the domestic economic situation and price trends. The intensity and pace of policies should be properly handled the relationship between economic development and risk prevention, maintaining overall economic stability, and enhancing economic development resilience.
At the same time, give play to the leading role of re-lending, rediscounting and monetary policy tools that directly reach the real economy, implement re-lending policies in provinces with slow credit growth, orderly promote the implementation of carbon emission reduction support tools, and guide financial institutions to increase their commitment to technological innovation, Support for small and micro enterprises, green development, manufacturing and other fields, improve market-based interest rate formation and transmission mechanisms, continue to unleash the potential for interest rate reform in the loan market, improve the central bank’s policy interest rate system, continue to optimize deposit interest rate supervision, and promote further reductions in actual loan interest rates .
In addition, it is necessary to deepen the reform of exchange rate marketization, strengthen the flexibility of the RMB exchange rate, stabilize market expectations, strengthen macro-prudential management, guide enterprises and financial institutions to adhere to the concept of "risk neutrality", and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.