China's Central Bank Proposes LPR Reforms to Improve Quote Quality, May 11

According to the People's Bank of China, on May 11, the central bank released its Q1 2026 monetary policy report, proposing reforms to improve the Loan Prime Rate (LPR) quote quality to better reflect actual lending market rates. The report emphasizes deepening interest rate marketization reform and enhancing the transmission of monetary policy through market-based rate formation and central bank policy rate guidance.
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