Zou Lan, Director of the People's Bank of China's Monetary Policy Department: On the basis of reducing the deposit reserve ratio by 0.5 percentage points, it will further reduce it based on the market liquidity conditions within the year.
The Political Bureau of the CPC Central Committee held a meeting on September 26 to analyze and study the current economic situation and deploy the next steps for economic work.
The Renminbi exchange rate has performed strongly, and the "currency exchange + time deposit" products are favored.
Industry insiders believe that the exchange rates of the Renminbi are expected to continue to maintain a strong trend, and Renminbi investment products that are safe and offer high returns will attract more attention.
Today, as scheduled, the MLF interest rate decreased. The central bank publicly announced the MLF bid price for the first time. Industry insiders: MLF reduction continues to cooperate with reserve requirement reduction.
① Carrying out 300 billion yuan MLF operations, with a winning bid rate of 2.00%, down by 0.3 percentage points from the previous month, marking the first market-oriented interest rate decrease after yesterday's State Council Information Office press conference; ② After announcing the reserve requirement ratio cut, the necessity for the central bank to continue the same amount of MLF operations has decreased. The industry expects that LPR and deposit interest rates will also decrease accordingly.
China Central Bank Unexpectedly Keeps Loan Prime Rates Steady
Rally 300 points! The offshore RMB broke through 7.07, and calls for domestic interest rate cuts and reserve ratio cuts are rising.
Will there be a follow-up on interest rate cuts tomorrow?
China's new social financing in August was 3.03 trillion yuan, with new RMB loans of 900 billion yuan, and the year-on-year decrease in M1 widened to 7.3%.
Supported by government crediting, the amount of new renminbi loans and new social financing in China in August both rebounded significantly. The financial 'squeeze water effect' continued, M1 money supply continued to decline, and the negative scissors gap of M1-M2 growth rate further widened.