The Central Bank Again Raised Interest Rates By 0.25 Percentage Points To Fight Inflation.

The central bank announced yesterday that today's financial institutions will be in the one-year deposit.

The rate hike is entirely anticipated by the market.

Lu Zheng commissar, chief economist of Industrial Bank, said:

The rate hike did not adopt the asymmetric way widely expected in the market. Besides raising interest rates on demand deposits, other interest rates on deposit and lending increased by 0.25 percentage points.

After raising interest rates this year, the interest rate for one-year loans and loans increased to 3.5% and 6.56% respectively.

Although interest rates have been raised for 3 consecutive times this year, the negative interest rate has not been changed.

In May, CPI rose by 5.5% over the same period last year, and the CPI increase in June is expected to exceed 6%. Compared with 0.25 percentage points, the rate hike is not "quench thirst".

Qin Xiaobin, director of Galaxy Securities Research Institute, believes that on the one hand, raising the rate of time deposit does not mention the current period, indicating that the hope is to deposit money into the bank and improve the negative interest rate.

In addition, the asymmetric interest rate increase, which has not been widely adopted in the market, indicates that management is still taking care of the interests of banks, and the symmetrical increase in interest rates is more advantageous to banks.

Interest rates will be increased 1-2 times in the year?

During the third interest rate hike in the year, whether the interest rate increase will continue under the inflationary pressure is still high but the economic growth rate is slowing down?

Xie Guozhong, an economist with a strong interest rate faction, believes that the rate hike will not change the negative interest rate. It will raise interest rates 2-3 times in the second half of the year, and monetary policy will continue to tighten up so as to achieve the determination to curb inflation.

Lu commissar believes that there will be 1-2 additional interest rates within the year, but the window period is uncertain.

Li Huiyong, chief macroeconomic analyst at Shenyin Wanguo, said that the price index released next week in June will probably be higher. The interest rate hike can stabilize the inflation expectations again.

As inflation is expected to show a downward trend in the second half of the year, although the negative interest rate is still present, the necessity and possibility of raising interest rates have been significantly reduced, and the rate hike is coming to an end.

He said that there will be at least 1 additional interest rates this year.

Teng Tai, chief economist of Minsheng securities, believes that with the fall of CPI in the second half of this year, the interest rate increase will be the last time in the year, and interest rate hikes may result in overshooting.

Influence

Mortgage rates rose to the highest level in nearly 10 years.

After raising interest rates by 0.25 basis points, the benchmark interest rate over 5 years exceeded 7 of the historical psychological highs, reaching 7.05%.

Without considering the interest rate of most of the previous 30 percent off of the stock loan interest rate, mortgage interest rates have risen to the highest level in the past 10 years.

Zhongyuan Real Estate Research Director Zhang Dawei pointed out that multiple interest rates will gradually appear superimposed effect, the effect of interest rate will be apparent.

Based on the 20 year loan amount, the first suite increased by 149.63 yuan, and the second suite increased by 168.86 yuan.

Considering that most of the mortgage interest rates before October 2010 can still be 30 percent off, for the stock loans, after the implementation of the new interest rate in 2012, the superposition of the three rate hike will make the 1 million and 20 year commercial loan increase by about 400 yuan.