Wang Qing, chief Macro Analyst of Dongfang Jincheng, further said that since May, the LPR quotation has remained unchanged for seven consecutive months, and the fundamental reason is that during this period, the macro economy appeared & ldquo; V-reverse & rdquo;. Recently, regulators said on several occasions that at present & ldquo; China's economy is relatively strong;, Or & ldquo; Economic growth is better than expected & rdquo;; At the same time, the urban survey unemployment rate fell to 5.3% in October, far below the control target of 6.0% this year. This means that there is no need to reduce the policy interest rate in the short term, and the monetary policy enters & ldquo; Observation period;, More emphasis should be placed on a good balance between steady growth and risk prevention. Among them, in order to combat financial idle arbitrage and prevent flooding, the short-term market interest rate represented by dr007 and the medium-term market capital interest rate center represented by interbank deposit certificate issuance interest rate have risen successively since mid and late May, & ldquo; Tight money & rdquo; The process continues to advance. This inevitably leads to the corresponding rise of the average marginal capital cost of banks, which restricts the quotation banks from compressing the LPR quotation points