First, cutting interest rates is to reduce the interest generated by deposits, that is, your money is in the bank. In the past year, I could get 200 yuan interest, but now I can only get 100 yuan interest, which is nothing more than adjusting the economy. I hope to spend money to stimulate domestic economic development. It doesn't matter. It doesn't matter much.
Second, what does it mean for banks to cut interest rates? The main purpose of interest rate reduction should be to promote consumption, promote economic growth and have an impact on people's lives. That's for sure. But on the whole, it is still beneficial; As for inflation or deflation, we can't just draw a conclusion. You should look at the causes of inflation or deflation; The rise and fall of prices also need to be analyzed. There are many reasons that affect the price, such as the relationship between supply and demand and the macroeconomic environment. There are many things to consider when analyzing practical problems in economics. Different from the control variable method in books, you can think that other variables are unchanged and only one variable is changing. This does not exist in reality, so we should make a concrete analysis.
Third, does the bank's interest rate cut have an impact on existing time deposits? This is mainly because the current deposit interest of China Bank is calculated at a fixed interest rate, that is, the interest of time deposits is calculated at the time of deposit, and the change of intermediate interest rate does not affect the final interest.
If the time deposit expires and the user fails to withdraw money, the money will be transferred automatically (with the principal and interest in advance as the principal). After the transfer, the transfer term is the same as the original term; The interest during the transfer period shall be calculated according to the interest rate during the transfer period.
Four, generally speaking, interest rate cuts have an impact on the future interest rate of time deposits, and have no impact on the interest rate of time deposits before interest rate cuts.
5. What is the impact of the central bank's interest rate cut on the people? After the central bank cuts interest rates, the interest rate of bank loans will be reduced, and the cost of people borrowing from banks will be reduced, which is most beneficial to those who need loans. For example, the bank's original long-term loan interest rate is 5%, and the loan 100 yuan needs 5 yuan interest every year. The central bank announced a rate cut of 10 percentage point and adjusted the long-term loan interest rate to 4.90%. The annual loan 100 requires 4 yuan. Interest 90 yuan, interest rate reduction and RRR reduction can save 0 yuan 1 yuan loan interest rate, which is 0. One yuan can be used by ordinary people for investment and consumption.
6. If the interest rate of ordinary people's deposits is reduced, the central bank's interest rate reduction will also reduce the interest rates of banks, people's deposit banks and people's deposits, so that people can invest in other funds or spend. For example, the bank's three-year time deposit rate is 2.75% 100 yuan, and the one-year interest rate is 2.75 yuan; The central bank cut interest rates by 10 percentage point and adjusted the three-year time deposit rate to 2.65%. 2 yuan alone saves 100 yuan every year. Interest income in 65 yuan, people's deposit interest income decreased.
Therefore, it has a great impact on people's deposits. Reducing people's deposit interest is to encourage people to flinch from deposit banks and get higher returns through investment.
7. interest rate cuts are of great benefit to both the stock market and the property market. The stock market and real estate market are both domestic markets with very high gold content, and both markets are based on the liquidity of funds. Therefore, once these two markets get market capital inflow, capital replenishment will directly constitute good benefits. It reduces the cost of people borrowing money to buy a house, so that more people can borrow money to buy a house. In addition, people invest in stocks, the stock market is good, people make money, life will be easier, life will be more comfortable and so on.
Eighth, people do business better, and cutting interest rates means releasing more cash to the market. Now that the market has released cash, the market will be richer and everyone will have money in his pocket. For ordinary people, it is easier to do big business or small business. People can only afford it if they have money in their pockets. Only in this way can businessmen succeed.