| ID | 原文 | 译文 |
| 49309 | 去年8月，按照国务院部署，人民银行推进贷款市场报价利率改革，也就是LPR改革，增强贷款市场的竞争性，疏通市场利率向贷款利率的传导，促使贷款实际利率明显下行 | Last August, in accordance with the arrangements of the State Council, the PBC launched the LPR reform to boost competition in the lending market, smooth the transmission from market interest rates to lending rates and facilitate a remarkable drop in real lending rates. |
| 49310 | 今年2月，一般贷款（不含个人住房贷款）利率为5.49%，比LPR改革前的2019年7月下降0.61个百分点 | In February this year, the general lending rate, excluding personal mortgage loans, was at 5.49 percent, 0.61 percentage points lower than that in July 2019 prior to the LPR reform. |
| 49311 | 降幅明显超过同期1年期LPR0.26个百分点的降幅，说明改革潜力在释放。 | The drop was apparently larger than the decline of 0.26 percentage points of the one-year LPR rate during the same period, indicating the potential of the reform was being unleashed. |
| 49312 | 下一步，人民银行将继续综合采取多种措施促进贷款利率明显下行，支持企业复工复产和经济发展。 | Next, the PBC will continue to adopt a variety of measures to facilitate a marked drop in lending rates and support work and production resumption of enterprises as well as economic growth. |
| 49313 | 一是运用多种货币政策工具，保持流动性合理充裕，为降低企业融资成本提供良好的流动性环境。 | First, a mix of monetary policy tools will be applied to keep the liquidity reasonably adequate and provide a sound liquidity environment for lowering the financing costs of enterprises. |
| 49314 | 二是继续推进LPR改革，有序推进存量浮动利率贷款定价基准转换，引导完善商业银行内部的转移定价（FTP）体系，将LPR内嵌入银行内部的利率机制中，完善LPR的传导机制，继续释放改革促进降低贷款实际利率的潜力。 | Second, we will push ahead with the LPR reform, advance the transition of outstanding loans with floating rates to the ones adopting LPR in an orderly manner, guide the improvements in the funds transfer pricing (FTP) system within commercial banks, incorporate the LPR into banks’ internal pricing mechanism, improve the transmission mechanism of LPR, and continue to unleash the potential of the reform in bringing down real lending rates. |
| 49315 | 三是引导银行体系适当向实体经济让利，降低企业融资成本，激发微观主体活力，畅通经济金融的良性循环。 | Third, the PBC will guide the banking system to offer more benefits to the real economy as appropriate, reduce the financing costs of enterprises, invigorate micro entities, and smooth positive economic and financial cycles. |
| 49316 | 四是继续发挥存款基准利率作为整个利率体系“压舱石”的作用，同时压降银行不规范存款创新产品，将结构性存款保底收益率纳入宏观审慎评估，维护存款市场竞争秩序，稳定银行负债端成本。 | Fourth, we will continue to leverage the role of deposit benchmark rates as the ballast for the entire interest rate system, while reducing the irregular innovative deposit products of banks and including the guaranteed minimum yields of structured deposits into macroprudential assessment, so as to preserve the competition order of the deposit market and stabilize the costs of banks’ liabilities. |
| 49317 | 谢谢。 | Thank you. |
| 49318 | 一、考察组 | I. The Mission |