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What is the difference between RRR and interest rate cuts?
1.RRR What is the difference between cutting interest rates and cutting interest rates?

The difference is: 1, and the main body is different: the main body of RRR reduction is the Central People's Bank, and the main body of interest rate reduction is commercial banks. 2. Facing different groups: RRR cuts interest rates for commercial banks and for enterprises and individuals. 3. Different ways of action: RRR cuts interest rates to release the liquidity of the banking industry; Reducing interest rates does not increase the amount of market funds, but it can change the investment of funds.

RRR and interest rate reduction are the two most commonly used monetary policies of the central bank. They are often used together and have many similarities in the impact on financial markets, so they are easily confused by investors. In fact, there is a certain difference between RRR and interest rate cuts. Understanding these will help investors make more accurate judgments.

1. Different entities: the main body of RRR reduction is the Central People's Bank, and the statutory deposit reserve is the amount that commercial banks pay to the Central Bank to ensure the normal operation of commercial banks. The main body of interest rate reduction is commercial banks, that is, reducing interest rates is conducive to lending funds to the society.

2. Facing different groups: the RRR cut is targeted at commercial banks, and the business handled by the central bank is targeted at commercial banks. Reducing RRR is a policy adopted by the central bank for commercial banks. The beneficiaries of interest rate cuts are enterprises and individuals, and the business handled by commercial banks is aimed at enterprises, individuals and other groups. Interest rate reduction is a policy adopted by commercial banks for social groups.

3. Different ways of action: RRR reduction can release the margin of commercial banks in the central bank, increase the supply of funds in the market, and be beneficial to the production process. RRR reduction is to release the liquidity of the banking industry and make more money in the market; Reducing interest rates does not increase the amount of market funds, but it can change the investment of funds.

2. Is there a monthly refund for 2.PBOC's interest relief?

No, the tax rebate for small and micro enterprises in all industries and individual industrial and commercial households paying taxes according to the general tax method is nearly 1 trillion yuan. Among them, the stock allowance will be fully refunded before the end of June.

3. What is the interest rate reduction fund of the People's Bank of China's Pratt & Whitney Small Loan?

In order to further reduce the financing cost of small and micro enterprises, and alleviate the interest payment pressure of small and micro enterprises under the epidemic situation, Guangyuan Central Sub-branch of the People's Bank of China recently set up a phased discount agency for Guangyuan Puhui small and micro loans, which can respond quickly, settle within a time limit and ensure profitability. Up to now, the local corporate banking institutions in the city have completed the interest repayment of the first batch of inclusive small and micro loans in 10 and10, saving financial costs of 229.9 for more than 2,000 small and micro enterprises.

The People's Bank of China is a newly established policy tool decided by the the State Council executive meeting. It is planned to guide banking institutions (65,438+07 banking institutions within Guangyuan's jurisdiction can apply) to advance the existing and newly issued inclusive microcredit (with normal interest) on the basis of the original loan contract interest rate, and to implement the policy funds by means of interest discount that enterprises can enjoy without applying. In the future, the People's Bank of China will reward the banking institutions with an equal amount of discount funds.

In the next step, Guangyuan Central Sub-branch of the People's Bank of China will use monetary policy tools such as phased interest rate reduction support tools, inclusive micro-loan support tools, refinancing and rediscounting to guide local corporate banking institutions to make reasonable profits, further reduce the financing costs of small and micro enterprises, and continuously improve the quality and efficiency of financial services for small and micro enterprises and private enterprises.

4. What is the discount fund of the People's Bank of China's Pratt & Whitney Small Loan?

The phased interest rate reduction of Pratt & Whitney small and micro loans is to reduce interest. According to the public information about the phased interest rate reduction policy of Pratt & Whitney Small and Micro Loans, in order to further reduce the financial cost of small and micro enterprises and effectively alleviate the interest payment pressure of small and micro enterprises under the epidemic situation, the People's Bank of China issued the phased interest rate reduction policy of Pratt & Whitney Small and Micro Loans on June 9, 2022. According to the decision of the the State Council executive meeting, financial institutions will issue the phased interest rate reduction policy for existing, newly issued or expired Pratt & Whitney Small and Micro Loans in the fourth quarter of 2022.