中国在2025年12月保持了稳定的借款率,以稳定增长和财政刺激为借口,预期2026年可能放松。 China held borrowing rates steady in December 2025, citing stable growth and fiscal stimulus, with possible easing expected in 2026.

中国在2025年12月连续七个月保持其基准贷款利率不变,一年一次的LPR为3.0%,五年利率为3.5%,与市场预期相符。 China kept its benchmark lending rates unchanged in December 2025 for the seventh consecutive month, with the one-year LPR at 3.0% and the five-year rate at 3.5%, matching market expectations. 中国人民银行将稳定增长、银行利润低和持续的财政刺激作为推迟进一步削减利率的理由,尽管最近经济放缓。 The People's Bank of China cited stable growth, low bank margins, and ongoing fiscal stimulus as reasons for delaying further rate cuts, despite a recent economic slowdown. 2026年,决策者表示可能放松货币管制,包括可能削减利率和减少储备要求,以支持增长和通货膨胀。 Policymakers signaled potential monetary easing in 2026, including possible rate cuts and reserve requirement reductions, to support growth and inflation. 经济依然有望实现北京5%的年增长目标。 The economy remains on track to meet Beijing’s 5% annual growth target.