At this stage, the global economy is under pressure, and central banks are going all out to find economic growth momentum. Some experts suggested that consideration could be given to reducing the interest rate on deposits of commercial banks to negative numbers and charging customers a certain amount of "management fees" to block funds from entering the banks and indirectly promote the level of social consumption.
The drop in the deposit interest rate to negative numbers is essentially forcing customers to "give money" to deposit. This move is difficult to gain public approval and can easily arouse public anger. As an intermediary bank, engaging in this operation is tantamount to "charging" rather than "service", and it is very easy to damage the long-term development of the bank. As a credit institution, banks should uphold the principle of good faith and cannot arbitrarily change the deposit rules.
Theoretically, a negative interest rate cut can increase the amount of money in circulation, but its actual effect is difficult to predict. This is because the psychological factors of economic participants are more difficult to control. If people withdraw a lot of money due to negative interest rates, or deliberately reduce the amount of deposits to avoid "management fees", the positive effect will be greatly reduced. In addition, although negative interest rates increase social investment opportunities, they do not necessarily directly drive consumption growth. Consumption is affected by many factors, and it is difficult to guarantee economic results.
At present, the development of the banking industry in mainland China is in a period of adjustment, and the profit margins of banks are still small, and they are undertaking more social responsibilities. If the negative interest rate policy is implemented, it is likely to cause some small and medium-sized banks to lose money or go bankrupt. It is also difficult to create a stable and reliable external environment for the development of the banking industry. And from the perspective of international experience, the implementation of negative interest rates does not necessarily achieve the desired economic effect. The European Central Bank (ECB) has not been able to practice negative interest rates in recent years, and the Bank of Japan is facing a similar dilemma.
Rather than directly cutting negative interest rates, the mainland can consider other more modest ways to stimulate consumption. For example, we will expand financial support and increase investment in key projects, which will bring real benefits to the people; improving the social security system to unleash the potential of individual consumption; Ways such as boosting household income growth to boost consumption momentum may be more effective.
In short, it is difficult to implement and draw a clear conclusion about reducing the interest rate on bank deposits to negative and then charging management fees to promote social consumption. From the perspective of long-term and stable national development, a series of moderate and effective actions are still needed to support the economy, rather than a single extreme measure, so as to avoid uncontrollable risks.
Netizens' opinions
In the face of this suggestion, netizens said: high interest will be given to the people at the bottom below 500,000 yuan, and interest will be charged above 500,000 yuan, and a storage fee will be charged. Get rich first and get rich later!
Some netizens felt that it was not feasible, saying: The deposit interest rate is zero, and then the deposit management fee is charged, and the result is that people deposit cash at home and the bank fails!
Some netizens said: If this is the case, I will take out all the money and manage it myself.
At last
We cannot simply assume that this initiative will be effective in stimulating economic growth and social consumption. The economy is a complex system, in which the various links are inextricably linked. Any major decision needs to be considered from a holistic and long-term perspective, taking into account all factors to avoid adverse consequences.
In the current context of increasing downward pressure on the economy, central banks and governments should adopt targeted and targeted stimulus measures. We need to put the interests of the people first, stabilize employment and protect people's livelihood. At the same time, we should not take it lightly, and should comprehensively evaluate the transmission effect of various policies and adjust mistakes in a timely manner.
Only through a realistic attitude and a rational dual-track operation can we tide over the difficulties and lay a solid foundation for sustained and healthy economic development. The days ahead will be very difficult, but as long as the whole society continues to work together, I am confident that China's economy will be able to leap forward again!