The evening of June 7, 2012, people's Bank of China decided to cut since June 8, 2012 0.25% RMB benchmark deposit and lending rates of financial institutions, adjusted benchmark deposit and lending interest rates a year ago by the dropped and 3.5% before and 3.25%, this is the first time since December 2008, the Central Bank cut interest rates , And at the same time Central Bank announced financial institutions deposit interest rate floating range adjustment at the top of the benchmark interest rate of 1.1 times times; financial institutions to adjust the minimum lending rate floating range to 0.8 times times the benchmark interest rate. Peripheral stocks quickly rose after the news, as of closing, United States the Dow rose 0.37%, France the CAC40 rose 0.42%, Germany the DAX30 index is up 0.82%. The impact of interest rate cuts on the domestic steel market? of macroeconomic policy in the future will be how to take? this will be a brief analysis.
the analysis of the causes of this rate cut
　　 1. the continuing deterioration of the external economic environment, growth in major economies gradually shifted the focus of stabilization policy
　　 Since the beginning of the second quarter, external economy slowed significantly in major economies, May United States added non-farm employment significantly below market expectations, unemployment rate rebounded; fermentation of euro-zone debt crisis, the unemployment rate has set high, Greece parliamentary elections the European debt crisis is further exacerbated by uncertainty, and Brazil, and India and other emerging economies slowing national economic growth in the first quarter have varying degrees. The other hand, with the marked fall in oil prices in early and major global economies facing inflationary pressures reducing, steady growth has once again become the focus of the current national economic policies. For this peripheral economies began to gradually turn to the monetary easing, since August 2011, Brazil's Central Bank has cut benchmark interest rate 7 times, and India, and Viet Nam, and other emerging economies have been cut; QE3 on the Federal Reserve's expected the market is clearly heating up in the near future. 'S Reserve Bank rate cut is consistent with current international trends.



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