Before the central bank adjusted the benchmark interest rate of RMB deposits and loans in September this year, the benchmark interest rate of RMB deposits and loans was last adjusted in 2065438+2005 65438+2005. Therefore, this interest rate adjustment is an adjustment with an interval of nearly 7 years.
The purpose of optimizing the self-discipline upper limit of deposit interest rate is to strengthen the self-discipline management of deposit interest rate, stabilize/reduce the debt cost of banks, promote orderly competition and promote the sustainable operation of banks. Although the implementation of this policy may have similar interest rate reduction effect, it has nothing to do with interest rate reduction and has little short-term impact on the capital market.
Raising the deposit and loan interest rate will naturally increase the attractiveness of bank deposits and lead investors to reduce their investment in other fields, which will inevitably lead to a decline in stock prices. In fact, raising the loan interest rate by banks will only increase the financial burden of loan enterprises, which is quite unfavorable in the long run. Specifically, since the end of the economic crisis, China's economy has maintained sustained and rapid growth. At the same time, investment in fixed assets has risen sharply, and investment in a few industries has grown too fast.
Some of these problems are too serious and even endanger the sustained and healthy development of the economy. But for banks, raising the loan interest rate constitutes certain benefits. Since the deposit interest rate remains unchanged, this actually increases the bank's profit rate. Of course, there are always two sides to everything. After the loan interest rate increases, the number of loans will decrease, thus increasing the expenditure level of bank deposit interest. Relatively speaking, for banks, the advantages obviously outweigh the disadvantages.