After four and a half years, the benchmark interest rate of deposits will be adjusted again?The highest: to consider the common people’s feelings

After four and a half years, the benchmark interest rate of deposits will be adjusted again?The highest: to consider the common people’s feelings
The decline in the loan market quoted interest rate (LPR) has compressed bank interest margins, and there has been increasing speculation that lowering the benchmark interest rate on deposits will “reduce the burden” on banks.On April 3, at the press conference of the State Council Office, Deputy Governor Liu Guoqiang said that the deposit interest rate has a more direct relationship with ordinary people. If it is allowed to have a negative interest rate, it must also be fully evaluated, taking into account the feelings of ordinary people.The inflation official website shows that the last deposit benchmark interest rate adjustment was in October 2015, and the current deposit interest rate was 0.35%, one-year fixed deposit interest rate is 1.5%.Liu Guoqiang said that the deposit interest rate is a “ballast stone” in the interest rate system, so more consideration should be given to its implementation.In addition to the people’s feelings, there is no price situation, and now the CPI is significantly higher than the one-year deposit interest rate, which is 1.5%, CPI is 5.3%.In addition, factors such as economic growth and internal and external balance must also be considered. The interest rate is too low, and whether the pressure for currency depreciation will also increase.Regarding the pressure on bank spreads, Liu Guoqiang said that on the surface of interest rate declines, bank spreads are indeed narrowing, but basically also many measures will be taken to provide supplementary funds to maintain reasonable and sufficient liquidity in the market.The financing cost in the market has been greatly reduced.At the same time, we also consider considering the support for banks, especially for small and medium-sized banks.At the Executive Meeting of the State Council on March 31, it was determined that the further implementation of the targeted reduction of standards for small and medium-sized banks was the second time that a targeted reduction of standards was proposed within one month.On March 16, Pratt & Whitney Financial’s targeted downgrade and landing reached a total of 550 billion yuan of long-term funds.Liu Guoqiang said that further implementation of targeted RRR cuts for small and medium-sized banks.Small and medium-sized banks are widely distributed, rooted at the grassroots level, and are inherently inclusive.The deposit reserve ratio implemented for small and medium-sized banks is an important change to promote the structural reform of the financial supply side. The reform method optimizes the financial supply structure and the allocation of credit funds to support small and medium-sized banks to better focus on small and medium-sized enterprises, increase credit supply, and reduceFinancing costs serve the real economy.He continued to continue to promote LPR reform, guide banks to make appropriate profits to the real economy, and promote a significant decline in corporate comprehensive financing costs.In terms of monetary policy, a stable monetary policy pays more attention to flexibility and appropriateness. It will gradually strengthen monetary policy and counter-cyclical adjustment, and at the same time handle the relationship between steady growth, risk prevention and control.”Now that we want to enter the entire industrial chain to resume production and production, the entire economy is moving.Therefore, it is necessary to grasp according to different stages and maintain reasonable and sufficient liquidity, which will never let the market experience a shortage of money. Of course, the money should not change.”Editor Xu Chao proofreading Chen Diyan