129836519730468750_551Central Bank's first rate cut 20 million loan for 3.5 years less 36,000
Rate cuts! Rate cuts! Under the expectations of all the parties in the market, Central Bank finally cut yesterday, this is cut for the first time since 3.5 years, marking the official start of the current round of rate cut cycle. Financial institutions benchmark one-year lending and deposit rates by 0.25% respectively, while Central Bank allows for the first time deposit interest rate is a highly 10% people's deposit interest rate is expected to drop not reverseRose.
Experts said that cutting interest rates bullish stock market, but despite the deposit interest rate rise, still advise people to buy fixed income financial products, than the deposit Bank deal. RMB benchmark deposit and lending rates of financial institutions to adjust the table data to benchmark one-year lending and deposit rates were cut 0.25% people's Bank of China decided, since today cut goldFinancial institutions RMB benchmark deposit and lending rates. Benchmark one-year deposit rate financial institutions 0.25%, benchmark one-year lending rate 0.25%; other grade benchmark deposit and lending interest rates and housing Provident Fund deposit and lending interest rates adjusted accordingly. Also, since the financial institution on the same day deposit rate floats the top of the range adjustment for interest rates 1.1 time; financial institutions to adjust the minimum lending rate floating range to 0.8 times times the benchmark interest rate. Steady growth falling CPI also provides the background space marked start the reporter learned from the Central Bank rate cut cycles official website, this is a 3.5-year Central Bank cut rates for the first time since, the last rate cut was on December 22, 2008, after which, the Central Bank for 5Rate hikes, did not stop the pace of rate hikes until July 7, 2011. The rate cut was within market expectations, has a number of research institutions recently prompted the central bank interest rate cuts. Guotai Junan macro-analysis divisions Chao Jiang believes that, officially launched the interest rate cuts that Central Bank rate cut cycle, also cut its lending rate floating range to the benchmark interest rate of 0.8 times times
TERA CD-key, contribute to the monetary andCredit easing, economy will bottom in the second quarter is expected to recover. However, for people accustomed to the Central Bank's rate cuts over the weekend, the Central Bank's rate cut on Thursday was quite unexpected. Because the CPI announced in April to 3.4%, is higher than the interest rate cuts after the benchmark one-year deposit rates 3.25%. Therefore, some people even worried is because the CPI is published by theEconomic data has fallen sharply, prompted the Central Bank to cut interest rates in advance. In this regard, BA shusong, Deputy Director of the Institute of development research center of State Council Finance (micro-blogging) said yesterday in a microblog, Central Bank interest rate cuts should be a recent package of "steady growth" economic policy, pre-adjustable fine tuning of a flexible component, expected ahead of the CPI, PPI will continue to fall, as central banksRate cut provides a new space.
From the perspective of international environment, as the global decline of inflation pressure, recent economic weakness in Europe and other major developed economies and emerging economies again towards monetary easing, China's Central Bank cut interest rates is consistent with the international trend, also showed steady growth once again become the focus of the current national economic policies. Famous financial planners Liu Yanbin yesterdayReporters also said that the rate cut is expected, due to the growth and the expected May CPI down soon. Aspect starting deposit interest rates for the first time 3.575% or out of market deposit rates to float to drop dark rose in cutting rates, while central banks also started for the first time deposit interest rate marketization, requires financial institutions to deposit interest ratesFloat to the benchmark interest rate of 1.1 times. In this regard, Chief Political Commissar of Shandong, an economist at Societe Generale Bank (micro-blogging) said that on the surface deposit interest rates are down, but is actually up, just take the case of one-year deposit rate from 3.5% down 25% back to 3.25% before, if on the basis of floating 1.1 times times, 3.575%, than the original 3.50.075%% or higher.
Therefore, deposit interest rate is specified drop dark rose. Nanjing Everbright Bank branch also said the finance sector, the deposit is the general trend of marketization of interest rate and bank deposits between competition more fierce, but as deposit interest rates cannot float, many banks have had to issue high-yield financial products to attract public savings. Therefore
Diablo 3 power leveling, the Central Bank allowedAfter floating deposit interest rates, banks are likely to interest rates on deposits to the public float 10%. Not including floating deposit interest rates, the Central Bank also cut its bank loan interest rates to fall to the benchmark interest rate of 0.8 times times, prior to 0.9 times times. In this regard, Political Commissar of Shandong province view, move to lower financing costs for companies, stimulate the demand for corporate loans, steady growth, prevent the economySlide will play an important role.
However, the allow floating deposit interest rates and lower loan rates will compress Bank spreads on banking is bad. Conducive to positive economic forecast would reduce the financial cost stocks, Director of the Institute of securities market but prices rising short-term domestic story Li Daxiao (micro-blogging) said in Twitter, at key moments in time for central banks to cut interest rates, should beAdjusting to the requirements of stable economic growth, fully reflect the flexibility. The economy play an important stabilizing role, also on the stability of stock markets play a very important role.
In his view, the rate cut will reduce the financial costs, higher demand for funds will help enterprises, will also see their stock will play a significant boost. Southwest Securities Research Center ChiefZhang Shiyuan, a researcher said interest rate cuts would improve the financial situation of listed companies, reduce the interest cost of a listed company, which is obviously on the performance of listed companies help. Last night, the news of the Central Bank cut rates for the first time in three years in the property sector caused a great uproar in Nanjing, many in the industry that this is the downturn in the property market like a needle tonic, the markets will come��
But experts believe the property market, in housing policies have not been subject to any change, possibility of higher prices in the short term is zero. "Restriction of policy does not change, second homes loan policy has not changed, even the local Government to fine housing subsidies are cautious, so that prices do not rise up so quickly. "Nanjing real estate development and constructionAssociation Secretary General Zhang Hui said, after the rate cut by the Central Bank policies, the effects of "delivery" to the real estate market there is a process, is not expected to have immediate change reality. In his view, the real estate market out of the doldrums has three conditions is a good policy of introducing, where the purchase order cancelled; the second was brought about by the developers cut prices rebound in sales up to a certain extent, toLed to the property market "in stock" significantly reduced, this may only occur if prices rise.
However, from the current level, those conditions are not fulfilled. There are some people in the industry believe that cutting rates to developers and consumers of psychological hint will determine the property market trends over time in the future, is to be pointed out that, in particular, from overall is good. Nanjing Network Research InstituteHead believes that real estate is capital intensive industries, rate cut means that the overall financing of capital reduction, it is clear that this is a developer's dream.
Second, interest rate cuts also reduces the cost of the purchase, stimulate housing demand
SWTOR Credits, either the first or the second mortgage will benefit. Therefore one-year yields 5% recommend financial products even though the central bank interest rate cutsHou, banks deposit interest rates will drop the dark rose, however, for public, do select banking savings must be cost-effective? Nanjing Everbright Bank branch told reporters the finance sector, fixed income financial products issued by Bank annualised yields of around 5%, is much higher than with the deposit interest rate, if the public has the ability to take risks and recommends the purchase of such products,Deposit the deal. Industry insiders told reporters, fixed income financial products while in theory there is risk, but rarely actually occurs, it is quite safe.
However, if members of the public seeking absolute security, it is recommended that you choose a bank deposit. Monthly repayments by $ 150 million 20-year loans according to intermediary "weijia Ansett" calculation, 1 million loan amount, loanPurchasers of age 20 years, after the rate cut monthly payments by $ 150 (Editor's Note: 20 less $ 36,000 in total). Currently banks for lending rates to fall discount is generally 90 percent, as soon as the first-time home buyers after site discount 80 percent to under, compares to funding shortfalls have to rely on loans, but have a strong home buyers will buy one. However, the Central Bank and politicalAfter the policy introduced, banks are in accordance with the requirements do the need further to see the dynamics of the Bank, of course, if you still maintain the existing preferential policy and the Central Bank's policy does not violate. Interest rate (%) of total repayment amount of monthly payment 7.05 (before the rate cut) 7783.03 6.8 (after the cut) 7,633.4 (6.12) 7233.71 (5.44) 6845.03 related topics: 8th Central Bank interest rate cuts during the first cut [scroll] tax havens: the origins of the economic crisis (06-0901:22) [scroll] warning of Soros and moral risks of the Bank (06-09) [scroll] 70% Fund shrink shrank 15 Ultra 90% (06-09) [scroll] real estate trust to honour an undercurrent surge (06-09) [scroll] in GuangzhouPharmaceutical industry: "Wang Lao JI" trademark scramble put (06-09) [scroll] Commission: fairness and efficiency to minimise suspension (06-09) [scroll] banks should meet the regulatory capital new standards before the end of 2018 (06-09) [scroll] futures company owned pipe businessIs about to let go of all kinds of assets without restriction (06-09) [scroll] Fang Aiqing: expanding consumer demand in a more prominent position (06-09) [scroll] Shang Fulin: risk of city commercial banks need to 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