1. The decline in reverse repo rate has no direct and substantial impact on the real economy. As one of the tools of interest rate policy, reverse repurchase, moving in this direction, will bring about the decline of other related interest rates and the decline of financing level for the real economy.

2. After the interest rate level drops, the future mortgage interest rate will also be affected by the decline, and it will also have an impact on the deposit interest rate of ordinary people, mainly the decline in the time deposit interest rate.

Extended data:

1. Reverse repurchase by the central bank refers to the trading behavior that the People's Bank of China buys securities from a primary dealer and agrees to sell the securities back to the primary dealer on a specific date in the future. Is to obtain pledged bonds and borrow money from commercial banks.

2, the main purpose is to release liquidity to the market, of course, at the same time can get the interest income of repurchase. The operation is that the central bank lends money to commercial banks, and commercial banks pledge bonds to the central bank. When they mature, the commercial bank repays the funds and the bonds are returned to the commercial bank account.

3. The People's Bank of China began to establish a first-class dealer system for open market business from 1998, and selected a number of commercial banks that can undertake large-value bond transactions as the trading objects of open market business. Primary dealers with open market business include 40 commercial banks.

References:

Baidu encyclopedia-central bank reverse repurchase

References:

World Wide Web-What is the impact of the central bank's 50 billion reverse repurchase?