According to CaiLian News, a new round of deposit interest rate cuts is about to land, and a number of national banks will reduce deposit listing rates by 10-25 basis points from September 1.
This time the deposit rate will be lowered for the third time this year, and the intensity is unprecedented, and the longer the term, the greater the reduction.
As soon as the news came out, many people scratched their heads, what is the use of lowering the deposit rate? Is it because the people get too much interest?
In fact, pulling this policy out alone may not feel useless, but if combined with the combination policy of the capital market in the recent period, you will find the clues.
Just over the weekend of last week, the state announced that stamp duty on securities transactions would be halved, and the tax rate would be reduced from 1/1,000 to 0.5 per thousand.
For small retail investors, it seems that the reduction is not much, but from the perspective of the entire market, the reduction of stamp duty of more than 200 billion yuan a year greatly reduces the outflow of funds.
Prior to this, the state has also successively introduced a series of policies, including coordinating brokerages to reduce transaction commissions, etc., to reduce transaction costs in the whole market.
These policies have only one purpose, to reduce capital outflows from the market.
The third reduction in deposit rates, which will be introduced now, is another purpose, to increase the relative yield of the capital market and make the stock market more attractive than bank deposits, and its purpose is to guide savings funds into the market.
Among them, the longer the deposit term, the greater the level of interest rate reduction, which is to guide long-term capital into the market and encourage value investment.
This set of combination fist, on the one hand to prevent the outflow of funds, on the other hand to guide funds into the market, the two-pronged approach, market investor confidence will rise, the country's purpose will be achieved.
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