The interest rate cut has completely entered the channel. The impact of the Fed's interest rate cut on domestic monetary policy cannot be underestimated. First of all, the exchange rate has appreciated significantly, breaking the 7 yuan mark in the early trading.
Yesterday, the reserve requirement ratio and interest rate were lowered, and the stock of housing goods was reduced. The 7-day reverse repurchase rate was lowered by 28 basis points. This morning, the latest MLF was announced to be lowered by 30 basis points.
Last Friday, the market was still entangled in the one-year and five-year LPR remaining unchanged, which disappointed the market. In fact, it was just to whet everyone's appetite. Many banks lowered deposit rates on Sunday.
Since Monday, the interest rate cut channel has been fully opened, and the changes are really fast.
This market is really dreamy. It was pessimistic and desperate in the last second, and it suddenly became clear in the next second.
All this is due to policies. As long as the policies are in place, the market will not worry about not rising. Don't light it up at a touch and blow it out at a blow. It really scares this market and never makes money with peace of mind. I hope this will change this time
