People's Bank of China is the first time in three and a half years to the central bank cut interest rates, announced today lowered the financial institutions RMB benchmark deposit and lending rates. Year benchmark deposit rate cut by 0.25 percentage points (10 million one-year deposit interest decreased by $ 250); year benchmark lending interest rate cut by 0.25 percentage points; other deposit and lending interest rates and individual housing provident fund deposit and loan interest rates be adjusted accordingly.
This message is a market reaction to hearing the rapid rise in global financial markets. However, industry analysts believe that interest rate cuts short-term rebound in long-term is still hard to optimistic, the other side is further reflected the slowdown trend of China's economy, so the maximum intent to cut is in the protection of economic growth. So, for the stock market, steel market, property and investment deposits, the interest rate cut and specific to what it means?
■ stock
Interest rate cut boot floor to the stock market will be boosted or limited
A share had been subject to weak macroeconomic data, and the frustration of government stimulus policies, the trend remains in the doldrums. The last month tumbled 6.46 percent in the last five trading down 3.32%. The Shanghai Composite Index yesterday fell below 2300 points, an integer mark. The interest rate cut boots landing yesterday, can boost a share?
Yang Delong, chief strategist of the South Fund, the central bank cut interest rates at this time machine is expected to stimulate the market stabilized rebound. Cut the deposit reserve ratio, cut interest rates reduced the discount rate of the stock, to benefit the stock market rebound. "But short-term, taking into account the downturn in economic growth is difficult to change, the European debt crisis cloud lingers, more limited space of the market rebound."
Britain Securities Research Institute Daxiao, a share market continued consolidation this year, but not to new lows, the bottom of becoming more and more solid to form the end of the diamond. The main reason for the current stock market downturn, he believes that there is no new money into the market. Play an important boost to the stock market will cut, not only directly benefit the plate, will support the entire market. He pointed out that the interest rate cut to bring the Enterprise Finance costs decreased, will help, higher capital requirements of enterprises will play a significant boost to the corresponding stock.
■ Steel City
Cut interest rates for living aquatic fiery Steel City: Is it a signal?
Analyst Hu Yanping said, the interest rate cut to declare the real end of the central bank to raise interest rates from October 2010 to July 2011, and some exceeded market expectations. Cut interest rates for bulk commodities, including steel market is clearly positive, but the first interest rate cut is difficult to play a substantial role in the psychological effect is relatively greater. Therefore, the interest rate cut to boost the steel market has rebounded slightly, but steel prices will not be reversed.
Shengzhi Cheng, Deputy Secretary-General of the Federation of Logistics and Purchasing of China Steel Logistics Professional Committee, said that this was after December 23, 2008, nearly 42 months since the first cut, for the steel industry are in dire straits. economic entity, which is a clear signal to rescue the market? wait and see the release of the demand.
Serious from the steel point of view, the overall production surplus stage, steel demand is still far behind the supply, and to supply and demand in the short term to alleviate this pressure is not easy. The interest rate cut would reverse the dilemma of the industry-wide loss of the first quarter of the steel industry, steel prices have a positive outlook.



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