The reserves stored by the central bank can be reduced, so the funds that can be lent can be increased, and usually the deposit and loan interest rates will be reduced. This is a fiscal policy adopted when the economy is relatively loose.

under the condition of deflation, it will also stimulate loans and economic growth by lowering the deposit and loan interest rates.

deposit reserve: refers to the deposits deposited in the central bank prepared by financial institutions to ensure customers' withdrawal of deposits and capital settlement's needs. The ratio of deposit reserve required by the central bank to its total deposits is the reserve-depositratio. Since 211, the central bank has raised the deposit reserve ratio four times in a row once a month, which is rare in history.

the impact of lowering the deposit reserve ratio on personal investment and economy:

1. lowering the bank's financial yield

lowering the deposit reserve ratio will have an important impact on the configurable assets of bank financial management, which will lead to a decrease in the investable assets of financial management and a decrease in the return on assets, which in turn will force the bank's financial yield to decline. Judging from the experience of the past two RRR cuts, the bank's wealth management yield will drop significantly three months after the RRR cut, with an average annual decline of about 1%.

2. Increasing the bond demand and lowering the bond interest rate will have an important impact on the asset allocation of bank wealth management. In the current economic downturn, the increased funds in the self-operated accounts of commercial banks may not lend, but they will definitely buy bonds, and the bond interest rate will inevitably drop sharply. At present, less than 35% of bank wealth management assets are non-standard assets, while more than 65% are standardized assets, of which bond assets account for about 6%. The supply of bonds in the market is limited, so the bonds and interest rates that banks can buy for wealth management will fall.

3. The revenue of P2P financial management will go down for a long time

At present, as an important form of Internet financial management, P2P has begun to enter the "money bag" of the people. Will the central bank's RRR cut have an impact on P2P? Some insiders believe that the RRR cut has basically no impact on the P2P industry that conducts personal credit business. Although the increase in liquidity brought about by the RRR cut and the increase in the total amount of money transmitted will reduce the overall financing cost of society and will also have an impact on the yield of online lending platforms, it is unlikely that there will be a sharp decline. On the whole, although the yield level of the online lending industry will not drop significantly in the short term, it is expected to remain low in the long term.

4, the stock market impact

According to industry insiders, the RRR cut is a major positive for the stock market, and the Shanghai and Shenzhen stock markets will open significantly higher tomorrow without any accident. Since 28, the Shanghai Stock Exchange has opened higher, dropped lower and even plunged, so investors should be wary of repeating the tragedy of chasing high and locking up. For example, after the central bank announced the RRR cut on February 4 last year, the Shanghai and Shenzhen stock markets closed down the next day.

5. Impact of the property market

For property buyers, the recent endless stimulus policies will inevitably cause a certain degree of panic, and loose credit makes it difficult for property buyers to expect the price reduction to return to a reasonable level. After the RRR cut, the bank's follow-up funds will be more abundant, the mortgage is expected to continue to be loose, and the pressure on buyers will continue to decrease. Therefore, if property buyers continue to wait and see, they may miss the best opportunity to buy a house and increase the cost of buying a house. It is wise to actively enter the market.