The central bank decided that from February 9, 2011 from financial institutions raised the benchmark deposit and lending rates. One-year deposit and lending rates by 0.25 percentage points, respectively, to 3%, other deposit and lending interest rate adjusted accordingly. This is the third time last year raised interest rates, after adjustment, ten thousand yuan deposit interest rate of 300 per year.
interest rates, it means that the 50 million loans to buy a house, mortgage overpayment of 59 yuan / month, while more than 10 million deposit interest income of 250 yuan a year.
CPI in January may be higher
forcing the central bank to raise interest rates in advance
the central bank first day of work after the Spring Festival on the implementation of interest rate, which means what?
well-known economist, Beijing Institute of State and the wealth of Han Zhiguo, the central bank announced interest rate is so urgent that the current inflation situation is very serious face. Interest rate itself will boost inflation, as it will further enhance the cost of capital. But does not raise interest rates will lead to negative interest rates continue to increase, causing more economic and social problems.
Monetary Committee
Daokui Li said the central bank rate hike is mainly based on three reasons: First, the faster price increases during the Spring Festival, is estimated to be announced in January CPI (price index of residents) may be higher, effective inflation-adjusted interest rate expectations; Second, the central bank to raise interest rates of various monetary policy reflects the principle of alternation, raising the deposit reserve ratio and interest rates and other policies will be flexibly used according to the market; third rate hike adjustment reflects the incremental steps the central bank, a step by step, and will not excessive.
South Fund chief strategist Yang Delong that soon to be released in January after the holiday of economic data, especially CPI may rise again, forcing the central bank to raise interest rates ahead.
Bohai Securities analyst Du Zheng Zheng macro said two factors make foreign central bank interest rate: First, the rising domestic inflation, CPI in January to be record high of 5.2% in the near future, the central bank anti-inflation pressure; In addition, the central bank This year the task of recovery of mobility is also heavier; Second, the Bank of England and European Central Bank ahead of future inflation or forced to withdraw from loose monetary policy, which also provides support for the central bank to raise interest rates.
there are many times this year, fear
interest rates
will raise the deposit reserve ratio
the Chinese Academy of Social Economy, director of macroeconomic forecasting Zhang Xiaojing, China is entering a cycle of interest rate increases. Because after the financial crisis, the Chinese economy began to show the good trend, while the U.S. recovery is weak, quantitative easing monetary policy also release large amounts of liquidity. Domestic and international factors intertwined, and determine the short-term liquidity, inflationary pressures from rising costs only to rise. China is still in negative interest rates due to the current state, the appropriate interest rate can increase the use of funds cost of credit growth, and change the part of investors for the expected asset price bubble.
Zuo Xiaolei, chief economist at Galaxy Securities, said the central bank's rhythm is once every two months, half will raise interest rates three times, provided there is the need to raise interest rates. CITIC Securities chief economist, said Jian-Fang Zhu will raise interest rates twice in the first half of this year, the deposit reserve ratio will continue to increase.
However, macro-Bohai Securities analyst, said Zheng Zheng Du, a quarter less likely to raise interest rates again, the central bank to raise deposit reserve ratio by differentiated reserve policy and even more likely. Renmin University of China Wu Xiaoqiu Finance and Securities Research Institute, said the central bank rate hike expected, anti-inflationary policy-oriented intentions obvious, but the policy effect remains to be seen, in the long run to control prices or to increase product supply. He said the central bank to raise interest rates after the Bank of the cost of funds has been very high, space constraints limited the future, policy will tend to sound.
the central bank decided that from February 9, 2011 from financial institutions raised the benchmark deposit and lending rates. One-year deposit and lending rates by 0.25 percentage points, respectively, to 3%, other deposit and lending interest rate adjusted accordingly. This is the third time last year raised interest rates, after adjustment, ten thousand yuan deposit interest rate of 300 per year.
interest rates, it means that the 50 million loans to buy a house, mortgage overpayment of 59 yuan / month, while more than 10 million deposit interest income of 250 yuan a year.
CPI in January may be higher
forcing the central bank to raise interest rates in advance
the central bank first day of work after the Spring Festival on the implementation of interest rate, which means what?
well-known economist, Beijing Institute of State and the wealth of Han Zhiguo, the central bank announced interest rate is so urgent that the current inflation situation is very serious face. Interest rate itself will boost inflation, as it will further enhance the cost of capital. But does not raise interest rates will lead to negative interest rates continue to increase, causing more economic and social problems.
Monetary Committee
Daokui Li said the central bank rate hike is mainly based on three reasons: First, the faster price increases during the Spring Festival, is estimated to be announced in January CPI (price index of residents) may be higher, effective inflation-adjusted interest rate expectations; Second, the central bank to raise interest rates of various monetary policy reflects the principle of alternation, raising the deposit reserve ratio and interest rates and other policies will be flexibly used according to the market; third rate hike adjustment reflects the incremental steps the central bank, a step by step, and will not excessive.
South Fund chief strategist Yang Delong that soon to be released in January after the holiday of economic data, especially CPI may rise again, forcing the central bank to raise interest rates ahead.
Bohai Securities analyst Du Zheng Zheng macro said two factors make foreign central bank interest rate: First, the rising domestic inflation, CPI in January to be record high of 5.2% in the near future, the central bank anti-inflation pressure; In addition, the central bank This year the task of recovery of mobility is also heavier; Second, the Bank of England and European Central Bank ahead of future inflation or forced to withdraw from loose monetary policy, which also provides support for the central bank to raise interest rates.
there are many times this year, fear
interest rates
will raise the deposit reserve ratio
the Chinese Academy of Social Economy, director of macroeconomic forecasting Zhang Xiaojing, China is entering a cycle of interest rate increases. Because after the financial crisis, the Chinese economy began to show the good trend, while the U.S. recovery is weak, quantitative easing monetary policy also release large amounts of liquidity. Domestic and international factors intertwined, and determine the short-term liquidity, inflationary pressures from rising costs only to rise. China is still in negative interest rates due to the current state, the appropriate interest rate can increase the use of funds cost of credit growth, and change the part of investors for the expected asset price bubble.
Zuo Xiaolei, chief economist at Galaxy Securities, said the central bank's rhythm is once every two months, half will raise interest rates three times, provided there is the need to raise interest rates. CITIC Securities chief economist, said Jian-Fang Zhu will raise interest rates twice in the first half of this year, the deposit reserve ratio will continue to increase.
However, macro-Bohai Securities analyst, said Zheng Zheng Du, a quarter less likely to raise interest rates again, the central bank to raise deposit reserve ratio by differentiated reserve policy and even more likely. Renmin University of China Wu Xiaoqiu Finance and Securities Research Institute, said the central bank rate hike expected, anti-inflationary policy-oriented intentions obvious, but the policy effect remains to be seen, in the long run to control prices or to increase product supply. He said the central bank to raise interest rates after the Bank of the cost of funds has been very high, space constraints limited the future, policy will tend to sound.
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