(1) RRR reduction

1. Lowering RRR means lowering the bank reserve ratio, increasing liquidity and increasing currency circulation.

Reducing the deposit reserve ratio also increases the liquidity of commercial banks, and the funds of commercial banks in the central bank will decrease, which increases the scope of funds available to commercial banks.

2.RRR interest rate cuts are beneficial to commercial banks, which can benefit from two aspects:

First, banks can release funds and invest them in assets with higher yield, such as loans or bonds, so as to obtain loan income and increase the bank's net profit.

Second, through RRR reduction and currency multiplier, the cost of capital can be reduced and the profitability of banks can be improved.

The RRR cut is good news for the stock market, the property market and banks. However, from the analysis of the liquidity characteristics of funds, funds will first flood into financial banks and the stock market, which determines that they may eventually reach the real economy. For banks, the biggest advantage of RRR interest rate cut is the loan scale.

(2) lower interest rates

1, interest rate reduction is the adjustment of bank interest rates. When banks cut interest rates, depositors' income from depositing funds in banks will be reduced, and interest rate cuts will prompt depositors to take funds out of banks for consumption, and deposits will become investment or consumption.

There are two kinds of interest rate cuts. First, lower the deposit interest rate. Second, reduce the loan interest rate. Interest rates are also divided into short-term interest rates and long-term interest rates, and long-term interest rates generally refer to short-term interest rates.

3. Lowering the interest rate of bank loans is mainly to encourage enterprises to invest, which is also good for personal mortgage loans. For example, if the monthly mortgage interest rate is reduced, the monthly repayment amount of the borrower will be reduced accordingly, thus reducing the repayment pressure of the lender.

The impact of interest rate cuts on the capital market is positive. Cutting interest rates will bring more funds to the stock market and help the stock price rise. Reducing interest rates will promote enterprises to increase investment and expand production, reduce financial expenses of enterprises, encourage individual lenders to mortgage loans, and encourage consumers to spend.

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