New capital signs up for bank of dispatch China people to announced yesterday, unlock control of interest rate of financial orgnaization loan in the round since July 20, cancel interest rate of financial orgnaization loan the floor level of 0.7 times. This means financial orgnaization to fix a price independently, determine level of loan interest rate. But of short duration of policy of interest rate of individual housing loan is not done adjust, retain the floor level provision of 0.7 times.
Before this, our country deposits money to financial orgnaization RMB interest rate upper limit and floor level of loan interest rate undertake administrative, deposit money namely 1.1 times what interest rate must not exceed standard interest rate, loan interest rate does not get 0.7 times under standard interest rate.
According to the Central Bank the new regulation yesterday, cancel interest rate of financial orgnaization loan since today the floor level of 0.7 times, by financial orgnaization basis commercial principle determines level of loan interest rate independently. Abolish control of bill discount interest rate, change discount interest rate imposes bit of certain kind on foundation of rediscount interest rate, decide independently by financial orgnaization.
In addition, the Central Bank is particularly right interest rate of loan of rural credit agency had untie a person, establish upper limit no longer. To continue to implement the housing credit policy that the difference changes strictly, of short duration of interval of float of interest rate of individual housing loan is not made adjust. Lu Zheng of economist of the bank that start line of business appoint express, this policy cancels to borrow money to farming letter company interest rate control, this means specific permission to break through 4 times limitation, be helpful for enclothing small small venture of money of 3 agriculture loans, improvement financial support. Can make on the whole integral loan cost drops.
Chief economist Lian Ping represefree norton internet antivirusnts traffic bank, computation of Central Bank all presents trend of be issued to lower levels according to showing to authority loan interest rate is increased since first quarter, after unlocking control, many large and medium-sized the enterprise has certain bargain capacity, conduce to drive be issued to lower levels of loan interest rate.
Dispel misgivings
Why doesn't upnorton internet antivirusper limit of control of 1 saving interest rate cancel?
The Central Bank: Need divides a pace to carry out according to adult rate, advance in order
Current, the interest rate policy of our country is right upper limit of interest rate of saving of financial orgnaization RMB and floor level of loan interest rate undertake administrative, while this the Central Bank abolishs control of pair of loan interest rate, did not make to policy of saving interest rate adjust, remain saving interest rate not to get prep above at present 1.1 times of standard interest rate.
Chief expresses related the Central Bank, this basically is consideration saving interest rate the influence that commercializes reform is more far-reaching, asks condition is opposite also taller. The successful experience from international looks, unlocking control of saving interest rate is interest rate commercializes the most crucial, risk is the biggest phase in reforming a progress, need the adult rate according to each foundation condition to divide a pace to carry out, advance in order.
Because the profit pattern of bank tradition is the benefit between deposit and loan,differ, after unlocking interest rate control accordingly, posed bigger challenge to the bank. Initial stage is commercialized in American interest rate, the bank that closes down every year amounts to 2 digit, reached 3 digit 1985. Dew of Chen Yu of president of Chinese people university expresses, in prompting the procedure that interest rate commercializes, the reform of system of relevant form a complete set must catch up with, those who be like deposit insurance system build etc.
What dwatch case openereposit insurance system points to is, the bank serves as policy-holder, press scale the most popular watch casesof certain bank savings to insurance premium of insurance device pay, establish deposit insurance reserve, if have,be faced with go bankrupt when closing down, insurance device will offer financial help somebody in danger or difficulty or deposit money entirely to depositor directly, protect depositor interest thereby.
Why do 2 rooms borrow interest rate policy to maintain changeless?
The Central Bank: To implement policy of estate adjusting control, restrain a spec to buy a house
Abolish lower limit of loan interest rate this while, the room borrows interest rate to was not loosened. The Central Bank says about chief, fulfil the Party Central Committee, the State Council to concern policy of estate market adjusting control to carry out, restrain investment speculation to buy room demand, stimulative estate market makes the same score steady healthy progress, people bank is carried out to individual housing loan effective policy guides and careful sex is superintended, requirement commercial bank continues to carry out a difference strictly to change housing credit policy. Accordingly, this reform was opposite policy of active interest rate of loan of commerciality individual housing is made adjust, floor level of its interest rate still maintains for loan of standard interest rate 0.7 times changeless.
Stipulate to the Central Bank of short duration of interval of float of interest rate of individual housing loan is not made this adjust, primary landed market studies Wei of magnify of department inspector general expresses yesterday in, this showed in the center of continue to change housing credit policy through the difference, market of adjusting control estate, restrain house price to go up policy trend does not have a change, the room borrows predicting second half of the year interest rate is loosened very hard.
Magnify Wei tells a reporter, although stipulate floor level of interest rate of individual housing loan is 0.7 times of standard interest rate at present, and in the center of put forward to want to satisfy a flatlet loan demand actively, but in be being operated actually, the room is borrowed " 7 lose privilege " basic nonexistent, 8.5 fold less also, head flatlet loan interest rate is generally 9 fold or standard interest rate.
He expresses, predicting second half of the year head flatlet loan interest rate is reduced unlikelily again, will still maintain the level that carries out generally at present; 2 flatlet will continue to implement the loan interest rate the best selling north face shirtsof 1.1 times.
Explore because
"Policy comes on stage for ' steady growth ' "
2 quarterly GDP of our country grow 7.5% , macroscopical economy is added fast successive already two quarters occurrence fall after a rise, growth of economy of second half of the year faces greater pressure. The expert says, the Central Bank abolthe most popular north face shirtsishs loan lower limit right now, steer financing cost reduce, be helpful for the stability of macroscopical economy.
Chief economist Lian Ping represents traffic bank, the Central Bank unlocks control of loan interest rate, can drive social financing cost to drop, then affects macroeconomic level. The Central Bank chooses this opportune moment, more is to stem from " steady growth " consideration.
Beijing University country develops academy economics to teach Huang Yiping to publish small gain to say, a lot of people include Kelugeman to be in fatidical China economy is washed-up, still have a lot of people expecting governmental regain to stimulate policy old road. The decision that abolishs loan lower limit is a when new government promotes reform adamantinely significant statement actually, the bank moves to be able to remove stabilization to current and fatigued and weak macroscopical economy below loan interest rate.
Cancel floor level of loan interest rate to manage to meanwhile, the Central Bank expresses, look from macroscopical level, the economy of current our country moves overall and smooth, value circumstances is stabilized basically, it is the favorable opportunity that pushs reform further. Look from microcosmic main body, advance steadily as what in recent years our country finance reforms, hard tie of financial orgnaization finance affairs is farther aggrandizement, own price ability rises ceaselessly, the financial environment that enterprise and dweller fix a price to commercializing also more suit.
Influence
Loan interest rate is short-term fall hard
Guo Tianyong of research center director represethe best selling modern dining chairsnts industry of Bank of China of university of central finance and economics, central Bank this action guides credit fund to support hypostatic economy with what Li Kejiang of premier of the State Council before this puts forward, increase right " 3 farming " the come down in one continuous line of policy train of thought that the credit of the weak point sucspring poolh as He Xiaowei enterprise tilts, meaning forcing banking Wu transition, can make its tilt more loan to medium and small businesses.
It is reported, the bank before this is met to look forward to of a few center, state-owend enterprise borrow money with extending than inferior interest rate, but even if these enterprises, what can achieve interest rate of 0.7 times loan is very few also; And the interest rate when medium and small businesses obtains loan is rise commonly. Guo Tianyong expresses, floor level of loan interest rate is unlocked now, center look forward to, state-owend enterprise increases further to the bargain ability of the bank, such a few banks to increase profit, must change loan to morely medium and small businesses.
He still expresses, this action also conduces to the price ability that develops a bank, those who be next saving interest rate unlock undertake " drilling " , accumulate experience.
Whether to cancel floor level of loan interest rate to you can cause loan immediately " depreciate " ? To this, the expert thinks generally, at present symbolic significance is more than below the situation actual.
Thunder of financial expert Li Xun thinks, 90% loan still carry out the bank first quarter fiducial above interest rate. In at present market fund still slants below tight situation, even if unlock control of loan interest rate, market money rate drops hard also. Lian Ping also thinks, as a result of demand of social whole financing still exuberant, for instance the place borrows money company of platform, estate, the commercial bank still holds bargain dominant position, accordingly, range of interest rate be issued to lower levels won't be too big.
Lu Zheng appoint think, after loan lower limit cancels, borrow put than cancelling, state-owend enterprise reform is deepened, 40% limitation cancel debt of standard of local government behavior, hair should advance.
All previous of policy of loan interest rate is adjusted
1987
The Central Bank allows loan interest rate to be on the foundation of interest rate of circulating fund loan, drift up and down 20%
In May 1996
Range of rise of loan interest rate is nbrass faucet aerator arrow for 10%
In October 1998
Extent of rise of loan interest the best spring poolrate expands to 20%
In April 1999
Financial orgnaization extends under the county loan interest rate is top but rise 30%
In January 2004
Loan rise limits enlarges 1.7 times of standard interest rate, floor level is 0.9 times
October 2004
Loan rise cancels to seal a top; The extent of next float is 0.9 times of standard interest rate
In June 2012
Floor level of loan interest rate reduces each archives 0.8 times of standard interest rate
In July 2012
Floor level of loan interest rate is reduced further to each archives 0.7 times of standard interest rate
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