In 20 19, China began to change the real estate interest rate anchor, and the real estate interest rate anchor was changed to LPR interest rate. In addition to the LPR interest rate, I believe that friends who often pay attention to the financial market will often see news about the MLF interest rate. LPR interest rate and MLF interest rate are actually related. (1) What is MLF interest rate MLF? The market is also called spicy powder, which actually means convenient medium-term lending. It is one of the main tools for the central bank to regulate the economy, and MLF has been widely used in recent years. The specific operation of MLF is that banks mortgage qualified bills (usually national debt, CDB debt and high-grade credit debt) to the central bank, obtain loans for 3-6 months, and repay the loan redemption bills at maturity. (2) Relationship between MLF interest rate and LPR interest rate According to the previous announcement of the central bank, adding points to the open market operating interest rate based on MLF (medium-term lending convenience) will form a new LPR interest rate, that is, LPR=MLF spread. It can be seen that MLF interest rate is the basis of LPR interest rate. Therefore, if you want to have a more comprehensive judgment on the trend of LPR interest rate, you need to pay attention to the situation of MLF interest rate. The above is the relationship between LPR interest rate and MLF interest rate. If you want to know more, please pay attention.