Central bank: weighted average interest rates of 4.34% for new loans issued in March are all historically low

[central Bank: weighted average interest rates for new loans issued in March are all at historic lows] May 15, the central bank's first-quarter report on China's monetary policy implementation shows that in March 2023, the weighted average interest rate on new loans was 4.34%. Among them, the weighted average interest rate on corporate loans is 3.95%, all at an all-time low. In the next stage, the people's Bank of China will continue to implement a prudent monetary policy, reasonably grasp the level of macro interest rates, continue to further promote the market-oriented reform of interest rates, and improve the transmission mechanism of "market interest rates + central bank-guided → LPR → lending rates", so as to create favorable conditions for promoting the economy to achieve effective improvement in quality and reasonable growth in quantity.