Capstone Online CFD Trading：Full reduction! Reduce the cost of bank funds by about 15 billion per year!
2020-01-02 11:04 from：CAPSTONE author：Jack
Capstone Online CFD Trading：On the first day of 2020, the central bank sent a big gift package to the market. At 15:07 on January 1, the People's Bank of China announced that in order to support the development of the real economy and reduce the actual cost of social financing, it was decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points on January 6, 2020 (excluding finance Companies, financial leasing companies, and auto finance companies).
This is the third time that the central bank has issued a full-scale reduction since 2019. Before this reduction, the central bank had two comprehensive reductions on January 4, 2019 and September 6, respectively, of which January 2019 was the central bank's After a lapse of 35 months, the RMB deposit reserve ratio of financial institutions has been generally lowered again.
As for the size of the released funds that the market is most concerned about, the same as the previous overall RRR cut, the central bank's current RRR cut also failed to synchronously recover liquidity. The overall reduction of 0.5% is roughly the same as last September.
"This reduction is a comprehensive reduction, which reflects counter-cyclical adjustments, releasing more than 800 billion yuan of long-term funds, effectively increasing the stable funding sources of financial institutions supporting the real economy, reducing the financial costs of financial institutions supporting the real economy, and directly supporting entities. Economy. "Relevant person in charge of the central bank said.
Although the intensity of this reduction is slightly inferior to the approximately 900 billion yuan released in September last year when the full-scale reduction was superimposed and the directional reduction was released (of which the total reduction of approximately 800 billion yuan and the targeted release of approximately 100 billion yuan), The reduction of the standard has exceeded the size of each release of the four standard reductions in 2018, and also exceeded the approximately 800 billion yuan released in January last year.
The central bank said that the current RRR cut maintains reasonable and sufficient liquidity, which is conducive to the realization of the growth of monetary credit and social financing scale in line with economic development, creating a suitable monetary and financial environment for high-quality development and supply-side structural reforms, and using marketization. Reform measures to clear the transmission of monetary policy will help stimulate the vitality of market players, further play the decisive role of the market in the allocation of resources, and support the development of the real economy.
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