My OperaMillion residents of 125 yuan deposit a form of negative interest rates in shrinking pattern
Tuesday, September 14, 2010 6:16:09 AM
According to Voice of "News Coverage" report in August last year, the 10,000 yuan in August of this year has turned into a 9,875 yuan. Sounds like ibm thinkpad t40 battery, in fact CPI in "mischief." National Bureau of Statistics released the latest figures: August CPI, that is, the consumer price index over the same period last year, up 3.5%. Although residents can take regular savings that "zero risk" investment to "fight" CPI rise, but the current one-year deposit interest rate the central bank is only 2.25%, so the residents, the hands of 10,000 yuan of deposits in one year down, the actual shrinkage 125.
According to latest data, the current price level is not only more than 2.25%, 2.79% of the year, the biennial deposit rates, and it was more than 3.33% of the three-year deposit rate, actual savings have been resident for 7 months is negative, the negative interest rate structure further. Voice of China, "News Review" interview last night, the people around them for a "deposit run not win CPI" status has its own feel.
People: the money saved now is not in previous years, the hands feel a little bit of money put it in the bank deposit with, the current prices soon, if I put some money in the bank does not move, a long sense of timing will be devalued.
People: I think bank deposit rates more than 2% is no way to completely overwrite this part of the price increases. In this case, I put out 30% of deposits to buy stock funds, I hope such a contrast to the buffer, but in fact did not stabilize the stock market last year, I bought the fund to pay 10% now do.
People: not the money in the bank, because the losses in the bank which stood on the ah, so they invested their money out. Securities, stocks, real estate, so now the house is very normal, estimates and that are related, but most people would put banks, because he will not invest.
From December 2007 the central bank has not been raising interest rates, but the rumors surrounding the interest rate never stopped. This year, for 7 months, negative interest rates, interest rate rise talk many times, but then quietly faded, why the bank has yet to announce interest rate? Central University of Finance and the China Banking Research Center, Professor Yong Ren Guotian In an interview last night, "News Coverage," Chen Liang duty editing that interview, mainly because of macroeconomic considerations.
Tian Guo Yong: Many view that it would be inappropriate to raise interest rates to its negative effects are mainly worried about more. One is in our current economic slowdown is indeed the SONY PCGA-BP2V Battery, if interest rates increase, it may lead to a worse economic growth will have a negative impact.
Another many people worry that interest rates will lead to future pressure on RMB appreciation will further increase, will attract more hot money to enter. But the situation now, we are facing the time of negative interest rates have been sustained longer, and there are more than six months, and also the value of negative interest rates become more and more. At the same time banks have emerged from the current war on this account, indicating the current level of nominal interest rates on bank deposits have not attractive to the. From an economic perspective within the rise of interest rates is upward of space exists, or is there the need to increase.
The current global economy is still relatively low, slow recovery difficult, but not to stabilize the domestic economy to the good track, it is the central bank did not choose the main reason for raising interest rates immediately. However, Tian Guo Yong also pointed out, we can consider lending rate unchanged, only way to increase deposit interest rate adjustments, such asymmetric increases in interest rates has a practical operational.
Tian Guo Yong: Of course, if interest rates to take this non-symmetrical manner, by the loss of certain commercial banks. But from our operation of the banking sector in 2009, and release the first half of the banks reported the operation of these circumstances, bank performance in general was fairly good growth companies are 30%, 40%. Bank performance in the case of such a basis, restricted deposits increase in the level of what I think should be the bank within the tolerance range.
Beyond the savings shrink, the negative interest rates further if the deposit would boost inflation expectations of society, distorted investment behavior, followed by a direct consequence of the wealth is to encourage residents to enter the property market. Then, select the interest rate, will contain further price bubble forming? We hear it randomly interviewed members of the public view.
Public: I do not think any great impact, because the people concerned, if you interest rates rose, people buy a house loans more pressure to play, and did not afford room still can not afford. Another area of investment terms from the many real estate speculators, who, relatively speaking, only a small investment sets Well, interest rates rose he may pay more in costs only, but in terms of APPLE 15-INCH ALUMINUM POWERBOOK G4 SERIES Battery, or you can invest.
Public: buy a house belonging to a salaried employee in advance for basic consumption have loans, but rather part of the rich, want to buy a house to pay the full amount of their very simple terms, they pay the full amount after the banks and their high interest rates again little relationship, even if some rich people loans to buy a house they do not care how high interest rates, and ultimately to bear the interest rate or the working-class banks.
Public: there is a certain inhibition, making you a less costly, and costly, so that he may be uneconomical, and not into the real estate investment. Then you can put money in banks earn interest, you can get some funds, stock speculation point.
Public: by raising interest rates can really blow some speculative buyers to contain some real estate agency protected disk reluctant sellers of behavior, but I think a fundamental easing of the housing by the pressure to buy a house, or the supply of housing should be increased protection to ensure fair fair and open, let us live as soon as possible renters own house.
Real Estate Research Center of Renmin University of China, deputy director of the great state of China last night to accept the Voice "News Coverage," an interview that if the central bank raised interest rates for deposits and loans for overheated real estate market can play a very good deterrent.
Status of the great: So I think just might have the effect of both, the first is the transfer of our central government to further increase this macro-control real estate market, sent a signal. A second mechanism is, indeed very real interest rate increase after the consumer's housing costs, while improving developer's development costs, from these two words, then the compression will further our current housing market.
To return to the real reason for China's property market, interest rates alone can not completely solve the problem. Professor Guo Tianyong also given their recommendations.
Tian Guo Yong: Of course, this control policy can not rely solely on interest rates, or not mainly depend on interest rates to the real estate market we have to insist on a difference of mortgage policy, while our domestic real estate market for investment, of speculative and owner-occupied or is that consumer demand for housing, mixed with a variety of needs of the fujitsu lifebook s6000 battery, it is necessary to adopt tax policies to regulate, it may be possible to contain the re-formation of the real estate bubble.
According to latest data, the current price level is not only more than 2.25%, 2.79% of the year, the biennial deposit rates, and it was more than 3.33% of the three-year deposit rate, actual savings have been resident for 7 months is negative, the negative interest rate structure further. Voice of China, "News Review" interview last night, the people around them for a "deposit run not win CPI" status has its own feel.
People: the money saved now is not in previous years, the hands feel a little bit of money put it in the bank deposit with, the current prices soon, if I put some money in the bank does not move, a long sense of timing will be devalued.
People: I think bank deposit rates more than 2% is no way to completely overwrite this part of the price increases. In this case, I put out 30% of deposits to buy stock funds, I hope such a contrast to the buffer, but in fact did not stabilize the stock market last year, I bought the fund to pay 10% now do.
People: not the money in the bank, because the losses in the bank which stood on the ah, so they invested their money out. Securities, stocks, real estate, so now the house is very normal, estimates and that are related, but most people would put banks, because he will not invest.
From December 2007 the central bank has not been raising interest rates, but the rumors surrounding the interest rate never stopped. This year, for 7 months, negative interest rates, interest rate rise talk many times, but then quietly faded, why the bank has yet to announce interest rate? Central University of Finance and the China Banking Research Center, Professor Yong Ren Guotian In an interview last night, "News Coverage," Chen Liang duty editing that interview, mainly because of macroeconomic considerations.
Tian Guo Yong: Many view that it would be inappropriate to raise interest rates to its negative effects are mainly worried about more. One is in our current economic slowdown is indeed the SONY PCGA-BP2V Battery, if interest rates increase, it may lead to a worse economic growth will have a negative impact.
Another many people worry that interest rates will lead to future pressure on RMB appreciation will further increase, will attract more hot money to enter. But the situation now, we are facing the time of negative interest rates have been sustained longer, and there are more than six months, and also the value of negative interest rates become more and more. At the same time banks have emerged from the current war on this account, indicating the current level of nominal interest rates on bank deposits have not attractive to the. From an economic perspective within the rise of interest rates is upward of space exists, or is there the need to increase.
The current global economy is still relatively low, slow recovery difficult, but not to stabilize the domestic economy to the good track, it is the central bank did not choose the main reason for raising interest rates immediately. However, Tian Guo Yong also pointed out, we can consider lending rate unchanged, only way to increase deposit interest rate adjustments, such asymmetric increases in interest rates has a practical operational.
Tian Guo Yong: Of course, if interest rates to take this non-symmetrical manner, by the loss of certain commercial banks. But from our operation of the banking sector in 2009, and release the first half of the banks reported the operation of these circumstances, bank performance in general was fairly good growth companies are 30%, 40%. Bank performance in the case of such a basis, restricted deposits increase in the level of what I think should be the bank within the tolerance range.
Beyond the savings shrink, the negative interest rates further if the deposit would boost inflation expectations of society, distorted investment behavior, followed by a direct consequence of the wealth is to encourage residents to enter the property market. Then, select the interest rate, will contain further price bubble forming? We hear it randomly interviewed members of the public view.
Public: I do not think any great impact, because the people concerned, if you interest rates rose, people buy a house loans more pressure to play, and did not afford room still can not afford. Another area of investment terms from the many real estate speculators, who, relatively speaking, only a small investment sets Well, interest rates rose he may pay more in costs only, but in terms of APPLE 15-INCH ALUMINUM POWERBOOK G4 SERIES Battery, or you can invest.
Public: buy a house belonging to a salaried employee in advance for basic consumption have loans, but rather part of the rich, want to buy a house to pay the full amount of their very simple terms, they pay the full amount after the banks and their high interest rates again little relationship, even if some rich people loans to buy a house they do not care how high interest rates, and ultimately to bear the interest rate or the working-class banks.
Public: there is a certain inhibition, making you a less costly, and costly, so that he may be uneconomical, and not into the real estate investment. Then you can put money in banks earn interest, you can get some funds, stock speculation point.
Public: by raising interest rates can really blow some speculative buyers to contain some real estate agency protected disk reluctant sellers of behavior, but I think a fundamental easing of the housing by the pressure to buy a house, or the supply of housing should be increased protection to ensure fair fair and open, let us live as soon as possible renters own house.
Real Estate Research Center of Renmin University of China, deputy director of the great state of China last night to accept the Voice "News Coverage," an interview that if the central bank raised interest rates for deposits and loans for overheated real estate market can play a very good deterrent.
Status of the great: So I think just might have the effect of both, the first is the transfer of our central government to further increase this macro-control real estate market, sent a signal. A second mechanism is, indeed very real interest rate increase after the consumer's housing costs, while improving developer's development costs, from these two words, then the compression will further our current housing market.
To return to the real reason for China's property market, interest rates alone can not completely solve the problem. Professor Guo Tianyong also given their recommendations.
Tian Guo Yong: Of course, this control policy can not rely solely on interest rates, or not mainly depend on interest rates to the real estate market we have to insist on a difference of mortgage policy, while our domestic real estate market for investment, of speculative and owner-occupied or is that consumer demand for housing, mixed with a variety of needs of the fujitsu lifebook s6000 battery, it is necessary to adopt tax policies to regulate, it may be possible to contain the re-formation of the real estate bubble.
