The most comprehensive interpretation of the central bank’s interest rate cut! Six major influences are related to your money.

Tencent Financial Comprehensive Report The central bank announced in the afternoon that since June 28th, the deposit and loan interest rates of financial institutions have been lowered by 25 basis points, and the deposit reserve ratio has been reduced by 0.5 percentage points for city commercial banks and non-county rural commercial banks whose loans have reached the targeted cuts to required reserve ratios standard. This is the second interest rate cut this year after the interest rate cut on May 11th this year. What impact does the reduction of deposit and loan interest rates have on the stock market and property market? How will it affect your purse?

The People’s Bank of China decided to implement the targeted cuts to required reserve ratios for financial institutions from June 28th, 2015, in order to further support the development of the real economy and promote structural adjustment. (1) Reduce the deposit reserve ratio by 0.5 percentage points for city commercial banks and non-county rural commercial banks whose loans to agriculture, rural areas and farmers reach the targeted cuts to required reserve ratios standard. (2) For large state-owned commercial banks, joint-stock commercial banks and foreign banks whose loans to agriculture, rural areas and small and micro enterprises meet the targeted cuts to required reserve ratios standards, the deposit reserve ratio will be reduced by 0.5 percentage points. (3) Reduce the deposit reserve ratio of financial companies by 3 percentage points, and further encourage them to play a good role in improving the efficiency of enterprise capital utilization.

At the same time, since June 28, 2015, the benchmark interest rates of RMB loans and deposits of financial institutions have been lowered to further reduce the financing costs of enterprises. Among them, the benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.85%; The benchmark interest rate for one-year deposits is lowered by 0.25 percentage points to 2%; Other benchmark interest rates for loans and deposits of various grades, and deposit and loan interest rates for individual housing provident fund shall be adjusted accordingly.

Six major impacts of interest rate cuts are related to you.

1, go to the bank to save money, the interest is less.

The central bank cut interest rates this time, and the benchmark interest rate for one-year deposits dropped from 2.25% before the adjustment to 2.00%, which means that the interest will be reduced when we go to the bank for deposits in the future. For example, if 500,000 yuan is deposited in the bank for one year, the interest will be 1250 yuan less.

2. The impact of the property market: the interest rates of commercial loans and provident fund loans have dropped, and the pressure on mortgage loans has decreased.

The interest rate of individual housing provident fund loans for more than five years has dropped from 3.75% before adjustment to about 3.5%, and the benchmark interest rate of commercial loans has also been lowered from 5.65% before adjustment to about 5.4%. Generally speaking, the interest rate of provident fund loans or commercial real estate loans and repayments is linked to the benchmark interest rate of the central bank. Therefore, the reduction of the benchmark interest rate has reduced the pressure on mortgage loans for some individuals and families who want to buy a house. For example, when buying a house, the commercial loan is 1 million, and the loan term is 30 years. By using the method of equal principal and interest repayment, the monthly payment will be reduced by about 260 yuan after the interest rate cut, and the total interest will be reduced by about 90,000 yuan.

3. Life consumption is more active.

Cutting interest rates means that interest may be reduced, so that bank deposits can be transferred to consumption and investment. In terms of consumption alone, a survey of consumer confidence in China conducted by the National Bureau of Statistics showed that in October 2014, the consumer confidence indices of urban and rural areas were 102.0 and 106.9 respectively. This interest rate cut will promote consumption, and it is expected that the consumer confidence index will rise in the future, which is also conducive to the overall upward development of the economy.

4. People will have more choices in financial management.

The central bank’s interest rate cut directly affects investment products, mainly in industries with high asset-liability ratio or high liquidity pressure such as real estate, cement, building materials and steel; Secondly, it is also good for the stock market and bond market, but Jiafeng Ruide financial planner reminds everyone that the risks of the stock market and bond market cannot be ignored. In terms of household asset allocation, investment in sound financial management is also indispensable. In addition to selecting deposits and government bonds, you can also choose fixed-income products, which have low risks and good investment returns.

However, the interest rate cut will have a certain impact on the yields of Internet "baby" products and bank wealth management products, such as Yu ‘ebao, which takes the money fund as the main investment direction. It is expected that the yields of the two types of products will decline in the future. I suggest you choose carefully.

5. Impact of stock market: The six major industries have obviously benefited the most from real estate stocks.

According to the analysis, interest rate cuts directly benefit industries with high debt ratio, such as real estate, infrastructure, nonferrous metals, coal, securities and other industries. However, it remains to be seen whether the banking industry can enjoy the benefits of interest rate cuts.

What is the impact of interest rate cuts on the stock market? Undoubtedly, it is a major positive. Because the price of money falls, the operating cost of enterprises is reduced, and the financing cost of the stock market is also reduced, which will stimulate more funds to flow to the stock market and also stimulate enterprise investment. These are of course good for the stock market. As a result of this interest rate cut, the stock market will undoubtedly seek a breakthrough from the previous high point. Once the volume breaks through, a new main rising wave can be established. Therefore, in the afternoon, investors should pay attention to the disk state of the market in the process of high breakthrough forward.

Of course, in the short term, it is obviously bad for bank stocks, because the interest rate cut has reduced the loan interest rate, and since banks are still short of liquidity, they have to continue to raise the deposit interest rate. In this way, the bank deposit and loan spreads will be squeezed again.

The most favorable sector for interest rate cuts is the real estate sector. Because, for the current real estate industry, high currency price and high capital pressure are the two most important contradictions. After the last interest rate cut, the market ushered in a wave of buying houses, and the financial pressure of real estate enterprises eased. Now, cutting interest rates again will not only promote buyers to buy houses, but also reduce the cost of enterprises, so it is a major positive for real estate stocks.

The interest rate cut will further trigger the expectation of RMB depreciation, so it is bad for enterprises that need to import more raw materials, such as the paper industry. However, the depreciation of the RMB is conducive to exports, so it is good news for enterprises that export products, especially high-end products. In addition, on the one hand, interest rate cuts, on the other hand, the government increases investment in infrastructure, and the future infrastructure-related sectors deserve continued attention.

6, the loan environment is relaxed, and venture capital is easier.

With this interest rate cut, banks have relaxed their loan requirements, making it easier for people to borrow money and reducing the cost of loans. Obtaining financial support will make more capable people more willing to start a business and invest to get more economic income. Although it is easier for people to borrow money from banks after interest rate cuts, the amount of loans is also relaxed, but the bank’s loan approval process has been very complicated, which means that people are not so easy to borrow money. Some people still need to borrow from some non-bank financial institutions.

The central bank’s interest rate cut is aimed at reducing the social financing cost and transmitting it to the investment and wealth management market, which will not only benefit the property market as a whole, but also have a considerable impact on bank wealth management, stock market, bonds, funds, "baby", P2P and gold commodities. Although the central bank cut interest rates, people with fixed deposit habits don’t need to be nervous and busy with "moving deposits" for the time being. With the possible differentiated competition of interest rates among banks, in the future, when making deposits, consumers can "shop around" and make choices to obtain higher returns. In addition, the deposit insurance regulations have been soliciting opinions and will be issued soon. On December 4 last year, the CBRC issued the Measures for the Supervision and Management of Wealth Management (Draft for Comment). Everyone pays close attention to and judges the policy trend in time. It is still necessary to be rational in financial management, and it is best to adopt a portfolio investment strategy to spread risks and maximize returns. (Tencent Finance Comprehensive)

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