The central bank this the Kai asymmetric cut interest rates
- Details
- Category: Ningbo News
- Published: Friday, 06 July 2012 10:25
source 2012-7-6 9:11:27 modern gold was quoted at
Year benchmark deposit and lending interest rates were cut by 0.25 and 0.31 percentage points
Loan interest rate floating range of the lower limit was adjusted to 0.7 times the benchmark interest rate
Twice within a month to cut interest rates, it is rare.
The last interest rate cut start-up time is June 8.
Yesterday, the People's Bank of China decided to cut financial institutions RMB benchmark deposit and lending interest rates since July 6, 2012. One-year benchmark deposit rate cut of 0.25 percentage points, year benchmark lending interest rate cut by 0.31 percentage points; other deposit and lending interest rates and individual housing provident fund deposit and lending rates be adjusted accordingly.
It is noteworthy that, since the same day, the lower limit of the floating range of lending rates of financial institutions was adjusted to 0.7 times the benchmark interest rate. "Individual housing loan interest rate floating range is not adjusted, the central bank requiring all financial institutions to continue to strictly enforce differentiated the housing credit policy, continue to curb speculative investment buyers.
Afterwards
Deposit price tag they have to change
One-year periodic interest rate of 3.3% cap
The last interest rate cut in this year's June 8. Cut interest rates, with the upper limit of the deposit rate was adjusted to 1.1 times the benchmark interest rate banks offer competitive deposit. Ultimately, some city commercial banks and joint-stock bank deposit rates reached the limit, so the actual effect is: cut interest rates after one-year time deposit rates of all banks is higher than previously.
Today, the benchmark interest rate of one-year time deposits from 3.25% to 3%, down 0.25 percentage points. What does this mean? For example. If you deposit $ 10,000 in fixed deposits, the original full year earnings of $ 325, then dropped to 300 yuan, 25 yuan less interest.
However, more than afterwards only on a theoretical basis. The reality is that the reporters had no way of knowing today the banks in the deposit price tag how to set up. It is necessary to consider the economic benefits have to cope with peer competition, to be sure, they have to set interest rates to worry about it.
Industry insiders estimate that there will be some bank deposit interest rate is set to the maximum limit is the benchmark rate 1.1 times. Therefore, the continued existence of such a situation: the actual implementation of the one-year time deposits in some banks interest rate of 3.3%, higher than the interest rate cut before the benchmark interest rate 3.25%.
In short, today you want to save the one-year certificate of deposit, may wish to shop around and look carefully.
Mortgage for the month will be reduced
100 million 30-year loan, 165.65 yuan per month Province
Whenever the interest rate cut, people are most looking forward to the mortgage for the month thus a little less so in the end much less?
Or an example. Method of repayment in equal installments, for example, the customer to the bank by one million yuan and 30-year mortgage, when the original five-year benchmark lending rate by 6.8%, the corresponding mortgage customers for the month was 6519.25 yuan. Today from the tune of more than five years the benchmark lending rate to 6.55 percent, the customer corresponding month for 6353.60 yuan. Comparing the two is not difficult to calculate, for the month less 165.65 yuan.
If your mortgage interest rate can be hit 8.5 fold, for the month of the province is also very considerable. The same 1 million yuan of 30-year mortgage, for example, detailed estimates to cut interest rates before and after the change is the province of 134.49 yuan.
It is worth mentioning is that the central bank reiterated that the floating range of individual housing loan interest rates are not adjusted, that is the minimum interest rate for the benchmark interest rate 0.7 times. Of course, the lowest to the benchmark interest rate 70% does not mean that the actual can be implemented, in fact, at present, Ningbo market, the most favorable mortgage interest rate discount is 8.5 fold.
Affect
Investors worried about the stock market Gaokaidizou
Interest rate cut news came out, immediately causing hot: The stock market will repeat "Gaokaidizou" tragedy?
"Now the stock market is in a weak market, each positive by investors as a chance to escape." Friends VIVI stock forum said: recent market break of 2200, basically at the bottom of this year, many stocks have hit a The recent low, a lot of stock sets more. Some stocks opened higher point, there will be a lot of money to open their lives to take advantage of high cut interest rates these positive stimulus? "I think the rate cut, the interpretation of 'Gaokaidizou'.
"There is no need to guess and predict the response of this policy on the broader market, predictable things are basically wrong." Founder Securities analyst Jiefang North Road, Huang Kan said. He said that the introduction of rate cuts, there may be an important measure to alleviate short-term market to accelerate the decline. The impact of the market outlook, he believes the market opened higher on the possibility, but is followed by up or down, the light to guess the words of little significance, the market will always go forward along the direction of a policy side of things. not sufficient to allow the market to the opposite direction road.
Buyers are afraid of the developers took the opportunity to prices
"From the last cut interest rates began to property market turnover a lot, was a good thing, but the price rebound is a bad thing." Ms. floor, buyers told reporters.
She told reporters that originally thought that the bank cut interest rates, the pressure of their mortgage will be smaller, but go to the sales office found that cut interest rates the purchase of the number of developers before the discount price promotions, the intensity of a lot less . Floor, she said, her calculations, cut interest rates after the underpayment interest of thousands of dollars, but the developers preferential less than ten million, and finally doing overall to pay the money only, no less.
Xuemin Jiang Nan Tien property assistant general manager, said the rate cut this year with a 8.5 interest rate discount (equivalent to 5.5675% per annum) currently on the market the first suite of loan, equivalent to the current first home loans hit 7.9 fold relative the beginning of the year, reduce the purchase cost of the buyers but also to expand their range of options, prices can remain relatively stable at this stage, these buyers can digest more inventory with the same cost, which is the current real estate The market is undoubtedly a great good. More encouraged by the central and regulation of the real estate market have been relaxed, the purchase of credit limit threshold is still speculative investment and other non-living demand for the purchase of the formation of containment, which for the normal trade order to maintain the real estate market and long-term stable development will play a decisive role.
Analysis
The asymmetric cut interest rates sorts?
The central bank cut interest rates, policy intentions? The economists interpretation.
State Council Development Research Center researcher, chief economist of the China Banking Association Ba, the interest rate cuts from the last less than a month, this frequency operation to cut interest rates in history, rare, one of the reasons is the CPI The downward trend beyond market expectations, and provide space for the macroeconomic policy easing and the addition continued decline in economic growth also contributed to cut interest rates, including the new moderately relaxed policies. He said that the sustained reductions in lending rates to stimulate demand for loans and reduce financing costs.
Weber Institute of Economic Research president Tengtai believes that the interest rate cut capacity Sheng, lack of demand, CPI rise continues down the context of necessary measure. "He predicted that" during the year will continue to cut interest rates twice, lowering the quasi-four. "
Private investment, vice president of Deutsche Bank, said Huang Fan, asymmetric cut interest rates that central banks' interest rates, market-oriented firm, obvious motive to stimulate the economy.
Financial Institutions
Benchmark deposit and lending interest rate adjustment table
Unit:%
Adjusted interest rates
An urban and rural residents and Deposits
(A) demand deposits 0.35
(B) Lump time deposits
Three months 2.60
Six months, 2.80
Year, 3.00
Two 3.75
Three years, 4.25
Five years, 4.75
Second, the various loan
Six months 5.60
Year, 6.00
One to three years, 6.15
Three to five years, 6.40
More than five years 6.55
Third, individual housing provident fund loans