The People's Bank of China has decided to lower the benchmark interest rates of RMB loans and deposits of financial institutions from August 26th, 20 15, so as 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 4.6%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to1.75%; The benchmark interest rates for loans and deposits of other grades and the deposit and loan interest rates for individual housing provident fund shall be adjusted accordingly. At the same time, the floating upper limit of interest rates for time deposits of more than one year (excluding one year) will be liberalized, while the floating upper limit of interest rates for demand deposits and time deposits of less than one year will remain unchanged.

This is the third interest rate cut this year after the interest rate cut 1 1 in May this year. What is the impact of the reduction of deposit and loan interest rates on the stock market and the property market? How will it affect your wallet?

The six major impacts of interest rate cuts are related to you.

1, go to the bank to deposit money, and the interest becomes less.

The central bank cut interest rates this time, and the benchmark interest rate for 1 year deposits dropped from 2.00% before the adjustment to 1.75%, which means that the interest will be reduced when we deposit in the bank in the future. For example, 500,000 yuan is deposited in the bank 1 year, and the interest is reduced 1.250 yuan.

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

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 downward adjustment of the benchmark interest rate has alleviated the mortgage pressure of some individuals and families who want to buy a house.

3. Life consumption is more active.

Cutting interest rates means that interest rates may be lowered, so that bank deposits can be transferred to consumption and investment. As far as consumption is concerned, a survey of consumer confidence in China conducted by the National Bureau of Statistics shows that in June 20 14, the consumer confidence indexes 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.

People will have more choices in financial management.

The central bank's interest rate cut directly affects investment products, mainly 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 choosing deposits and treasury bonds, you can also choose fixed-income products, which have low risks and good investment returns.

However, interest rate cuts will have a certain impact on the yields of Internet "baby" products and bank wealth management products, such as Yu 'ebao, with money funds 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. Stock market impact: The six major industries have obviously benefited the most from real estate stocks.

According to the analysis, interest rate cuts are directly beneficial to 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? There is no doubt that this is a major positive. Because of the falling currency price, 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 certainly good for the stock market.

Of course, in the short term, it is obviously bad for bank stocks, because the interest rate cut has lowered the loan interest rate, and banks have to continue to raise the deposit interest rate because of the lack of liquidity. In this way, the spread between bank deposits and loans will be squeezed again.

The most favorable sector to cut interest rates is the real estate sector. Because, for the current real estate industry, high currency price and high capital pressure are the two main contradictions. After the last interest rate cut, the market ushered in a wave of buying houses, and the financial pressure on housing enterprises eased. Reducing interest rates again now can 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 infrastructure investment, and future infrastructure-related sectors deserve continuous attention.

6. The loan environment is relaxed and venture capital is easier.

With this interest rate cut, banks relaxed their loan requirements, making it easier for people to borrow money and reducing the cost of loans. Getting 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 and the loan amount has been relaxed after interest rate cuts, 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 loans from some non-bank financial institutions.

The central bank's interest rate cut aims to reduce the cost of social financing and transmit it to the investment and wealth management market. In addition to the overall positive property market, it has a considerable impact on bank wealth management, stock market, bonds, funds and gold commodities. Although the central bank cut interest rates, people with fixed deposit habits don't need to be nervous for the time being and are busy "moving deposits". With the possible differentiated competition of inter-bank interest rates, consumers can "shop around" when making deposits in the future, so as to obtain higher returns. Financial management should be rational, and it is best to adopt a portfolio investment strategy to spread risks and maximize returns.

(The above answers were published on 20 15-08-25. Please refer to the actual situation for the current purchase policy. )

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