As expected by the market, the quotation of LPR for the 5th loan market in 2021 will continue to remain unchanged.
The People’s Bank of China authorizes the National Interbank Funding Center to announce that on May 20, 2021, the loan market quoted interest rate (LPR) is: 1-year LPR is 3.85%, The LPR over 5 years is 4.65%, and the quotations of the two term products are the same as last month. 
Loan market quote rate (LPR) is determined by each quote The bank quotes prices based on open market operating interest rates (mainly referring to the medium-term lending convenience interest rate) plus points, calculated by the National Interbank Funding Center, to provide a pricing reference for bank loans. At present, LPR includes two varieties of 1 year and 5 years or more.
The LPR interest rate has remained unchanged for the 13th consecutive month, as expected by the market: The central bank launched a 100 billion yuan mid-term loan facility (MLF) operation on May 17, and the winning interest rate was not change.
The central bank stated in the latest monetary policy report for the first quarter that in the next phase, it will continue to deepen the reform of the loan market quoted interest rate (LPR), consolidate the results of the decline in the real interest rate of loans, and promote the actual The loan interest rate was further reduced. Drive deposit interest rates to gradually move towards marketization.