July burning sun photos, deeply breathe in all industries, the central bank to cut interest rates beyond everyone's expectations thanks to the widespread.
 
China's central bank decided on Thursday to cut RMB benchmark deposit and lending rates of financial institutions since July 6, 2012. The one-year benchmark deposit rate down 25 basis points year benchmark lending interest rate has been reduced by 31 basis points; other deposit and benchmark lending rate and the individual housing provident fund deposit and lending rates be adjusted accordingly. Since the same day, the lower limit of the floating range of lending rates of financial institutions was adjusted to 0.7 times the benchmark interest rate.
 
Global loose wave of China-EU side by side to cut interest rates
Almost at the same time, the Bank of England announced ? 325 billion on the basis of an additional ? 50 billion quantitative easing (QE), bringing the total QE scale to 375 billion pounds, while maintaining the 0.5 percent benchmark interest rate unchanged.
 
European central bank governor Mario Draghi said its policy rate down 25 basis points, which is the third rate cut since he took office, the euro zone benchmark interest rate reduced to the lowest point ever 0.75%. The same day, the Bank of England's quantitative easing scale rose to the highest point since the crisis, 375 billion pounds.
 
The central bank had no choice after the market closed a week on Friday cut interest rates, but relatively rare on Thursday announced the formation of the situation of China and the EU to cut interest rates.
Cut interest rates brace
 
In the last deposit and lending rates increase down the controversial context of the interest rate cut to take the lending rate fell more than the deposit rate fell asymmetric cut interest rates, on the one hand, to ease the "deprivation of depositors questioned, on the other hand highlighted the intention to encourage lending to the real economy.
 
In 2008, the world's people who suffer from the worldwide financial crisis, China's real economy has been badly hit, a series of macroeconomic data show that the economic risk of a hard landing, in the face of this grim situation, the management and decisive a series of policies and measures to preserve the economic The steady growth.
 
September 16, 2008, the central bank decided year benchmark lending rate cut by 0.27 percentage points; less than a month, on October 8, 2008, the central bank decided to cut one-year RMB benchmark deposit and lending interest rates of 0.27 for the first time points; on the 30th of the month, the central bank once again announced to cut interest rates, lowered the one-year yuan lending and deposit rates by 0.27 percentage points; after a lapse of 26 days, November 26, 2008, the central bank announced a down year RMB benchmark deposit and lending interest rates 1.08 percentage points, this time in the past ten years down the steepest; December 23, the central bank last cut interest rates in 2008, down one-year RMB benchmark deposit and lending interest rates 0.27 percentage points. In 2008, the central bank cut interest rates, interest rate cuts totaling 2.16%.
 
It can be seen that the interest rate cut in 2008, its so many times, the magnitude of the intensity of strong, rare in the history of China's financial reform, which was facing the global financial crisis hit countries to take decisive initiatives .
 
Look to cut interest rates on June 8, 2012, the business of steel trading company, which is this year's first cut is not large, and its reduction from financial institutions a one-year benchmark deposit and lending interest rates were cut by 0.25 percent, lower than the 2008 times reduction. But this year's first cut, is also facing domestic and international economic downturn, especially in the international economic environment continued to deteriorate, the policy shift the focus of the major economies of the world some countries and regions to promote economic recovery and steady growth.
 
Behind the interest rate cut: macro data to bear.
 
In early July, the National Bureau Services Survey Center, the China Federation of Logistics and Purchasing on the 1st report on China Manufacturing Purchasing Managers Index (PMI) was 50.2% in June, continue to be located above the critical point, last month, down 0.2 percentage points. At the same time, a number of institutions is expected June CPI or enter "2 times". Since July 8, National Bureau of Statistics will be published a series of economic data in the first half of the second cut interest rates the central bank after a lapse of less than a month time, a move can be interpreted how the doldrums of the current macro data, although the drop short-term interest rates good funds, but when transmitted to the Steel City, even the steel trade loans, Xudai, the problem is resolved, will have to see the development of post-market environment.
 
Bring cheers to cut interest rates to the property market
 
According to industry analysts, the interest rate cut objective may enable the property market accelerated warmer, but the volume can not go back to 2009. Notice of a rate cut by the central bank stressed the need to continue to strictly enforce the differentiation of the housing credit policy, to continue to curb speculative investment buyers, indicating that interest rate cuts have struck a balance of market regulation. Within a month of two consecutive interest rate cuts will no doubt be a huge psychological impact on the parties to the real estate market. Interest rate cuts aimed at steady growth, to make a gradual recovery in the property market, objectively, could accelerate the warming.
 
Steel City: short-term pick up difficult climb to the possibility of
End of June, the domestic market, steel price index fell 117.52 points, has dropped to its lowest point in nearly 23 months, down 4.13% from the beginning of the year.
 
On the 6th of Lo 1210 opening 4095, finished lower, indicating that the market for good digestion of the data have to continue for some time.
Steel production has not decreased, and steel inventories are varying degrees of rebound in June. Downstream projects started under high temperature blocked, demand unresponsive, difficult to improve the situation of supply and demand side of Steel City, the central bank's policy may be just a psychological level, the heater to the Steel City Steel City shortly difficult to have a substantial positive.
 
Interpretation of the rate cut loose funds and promote the property market to pick up positive for the Steel City, but the recession of negative macro environment will also be transmitted to the steel market, businesses need to do multi-faceted preparation from the positive side.



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