The last time the central bank facilitated the mid-term lending of 1 year was 65438+ 10/0/5, and the interest rate was 3.25%. Today, it is 3. 15%, a decrease of 10 basis point.
According to the transaction announcement, the central bank also carried out a 7-day reverse repurchase operation of 654.38+000 billion, and the interest rate remained unchanged at 2.4%.
Xiaobo Liu, a financial expert, explained, "This means that China has taken a key step in cutting interest rates. It indicates that the LPR (loan market quotation) of 65438+10.20 will cut interest rates by at least10 basis points. "
So, what information does this interest rate cut signal reveal?
Xiaobo Liu believes that, first, interest rate cuts are good for the real economy, the stock market and the property market, which is expected. ? "The central bank issued a signal to cut interest rates from February 3, and later the deputy governor of the central bank also revealed it. Therefore, the interest rate cut is basically a' winning number', indicating that the transparency of China Bank is increasing, so I won't go into details here. "
Second, the interest rate cut is not large, only 10 basis point, indicating that the management is unwilling to excessively stimulate asset prices. ? Historically, the central bank's standard rate cut was 25 basis points. Last year, the central bank changed the game and cut interest rates by only 5 basis points at a time. I describe it as "a steamed bread breaks 5 petals and uses it 5 times at a time". There is an epidemic this time. Give 10 basis point.
Yan Yuejin, research director of think tank center of Yiju Research Institute, said:
1, releasing liquidity
This time, the central bank carried out two operations: medium-term lending convenience operation and 7-day reverse repurchase operation, which further released liquidity objectively. From the perspective of liquidity scale, including MLF's 200 billion yuan and reverse repurchase10 billion yuan, it has objectively increased more abundant funds for banks and other financial systems, which will help actively support the development of the real economy in the future. From the interest rate itself, the reverse repurchase operating interest rate is relatively flat, while the MLF interest rate has dropped from the previous 3.25% to 3. 15%. Objectively, the cost of capital has been further reduced.
2. Mortgage interest rate is expected to be lowered.
The decline of MLF interest rate will objectively affect LPR and other indicators. Some central bank officials also said that LPR may decline, so this supports the prediction of medium and long-term loan interest rates for subsequent LPR. It is not ruled out that the newly released LPR data in February will continue to be lowered, which also reflects the current positive significance for reducing the medium and long-term capital cost. Among the medium and long-term loans, real estate loans include real estate development loans and personal housing loans, so this will further reduce the subsequent mortgage interest rate, which will have a positive effect on the current housing enterprises to spend a special period and promote project sales with preferential interest rates.