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央行本次降息举措超出市场预期,对市场的正面影响主要有两个方面:一是,明确释放出货币政策加大稳增长力度的信号,增强了投资者的政策预期;二是,强化了无风险利率进一步下行的逻辑。而这两方面因素正是本轮市场反弹的逻辑基础。降息令A股快速上升,这或缩短注册制出台时间。中国人民银行决定,自2014年11月22日起下调金融机构人民币贷款和存款基准利率。金融机构一年期贷款基准利率下调0.4个百分点至5.6%;一年期存款基准利率下调0.25个百分点
The move by the central bank to cut interest rates exceeded market expectations. There are mainly two aspects to the market’s positive impact: First, the clear release of the signal that monetary policy should step up steady growth has enhanced investors’ policy expectations; second, The logic of further descending risk interest rates. These two factors are just the logical basis for the rally in the market. A-share interest rate cut to raise interest rates quickly, which or shorten the registration system issued time. The People’s Bank of China has decided to lower the benchmark lending rates for RMB loans and deposits in financial institutions from November 22, The benchmark one-year lending rates for financial institutions were down 0.4 ppt to 5.6%; the benchmark one-year deposit interest rate cut 0.25 ppt