Central bank cut interest rates fifth times a year in 20 years next month for less than 700 yuan
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The people's Bank of China announced that it has cut interest rates from 24 days, and announced the opening of the deposit rate ceiling. Reporters yesterday from the Bank of Foshan updated interest rate table to understand that the deposit interest rate liberalization of the floating ceiling, a large state-owned banks, the one-year deposit interest rates are mostly 1.3 times the benchmark interest rate. With this year's third “ double ” &ldquo, Foshan is accelerating into the era of negative interest rates; ”.
Adjustment: four for the one-year interest rate: 1.75%
The people's Bank of China decided that, since October 24, 2015, will cut the benchmark interest rate of RMB loans and deposits in financial institutions, in order to further reduce the cost of social financing. Among them, the one-year benchmark interest rate cut 0.25 percentage points to 4.35%; a one-year deposit rate cut by 0.25 percentage points to 1.5%. At the same time, the commercial banks and rural cooperative financial institutions, and so no longer set up the deposit rate floating ceiling.
Reporter from Foshan banks update rates in the table to understand, the workers and peasants in the construction the four major state-owned banks in the deposit interest rate liberalization, demand was given 0.3% annual interest rate, and three months, half a year, a year, for up to five years all regular interest rates in unison, respectively 1.35%, 1.55% and 1.75% and 2.75%. Relatively speaking, commercial banks in the interest rate fluctuations on the larger number of Ping An Bank, CITIC Bank, for example, although the current and state-owned banks to maintain consistent, but in the three months, six months, one year, five years on the deposit, the annual interest rates were 1.5%, 1.75%, 2% and 3% (Ping An Bank is 2.8%) or so.
After the liberalization of deposit interest rate floating ceiling, with 5 years as an example, the difference between the highest and lowest rates of different banks 0.55 percentage points. So after the rate cut, the people go to bank deposits, interest rates will certainly be reduced, but the relatively high rate of bank deposit interest rate is still relatively high returns.
Next year the implementation of the new interest rate mortgage account:
Banking industry analysis, “ cut interest rates drop quasi ” the balance of treasure and other monetary funds as well as bank financial products, means that the proceeds may continue to decline, the customer is best to pay attention to some of the higher yield of commercial banks. And encountered a long time to meet the high yield of the product can also increase the configuration, in advance to lock in revenue.
But for the public, the existing housing, next year will be the implementation of the new interest rate adjustment in January 1st this year, the mortgage will greatly reduce the pressure. To 1000000 yuan 20 years of commercial loans, for example, the mortgage interest rate adjustment in November 22nd last year, 7251 yuan per month, but is expected in January next year, in accordance with the current interest rate situation, next year will be reduced to 6544 yuan. This means that 5 times this year, the mortgage for the next month to reduce the monthly reduction of 700 yuan.
Expected: Foshan accelerated into the era of negative interest rates “
National Bureau of statistics Foshan survey data show that in September the total consumer price level (CPI) in Foshan city rose 1.6%. And the current four major state-owned banks in a one-year interest rate of 1.75%. After this round of interest rate cuts, Foshan's CPI index and the gap between the fixed rate of interest rates to further reduce, means that Foshan will accelerate into “ negative interest rate era ” that is, in the bank regularly kept 10000 yuan, so a year after the fact that only 15 yuan.
In this regard, the industry believes that the interest rate market, the entire financial industry will become more flexible, such as the current bank offers a higher rate of deposit and other financial management with respect to the regular rate, the public can consider the specific circumstances of the asset for more reasonable configuration and adjustment.