Recently, the state-owned bank announced a reduction in the deposit interest rate, 200,000 yuan deposit for three years will be reduced by 1,800 yuan, and the deposit interest rate may be further reduced in the future. So, what is the impact of the deposit rate cut on ordinary people?How should we adjust our financial strategy?
A cut in deposit rates means a drop in savings yields. This is because the deposit rate is the interest paid by the bank to the depositor, and if the deposit rate falls, then the depositor's interest income will also decrease. This is bad news for those who rely on savings as their primary way of managing their finances, as the value of their savings will be eroded by inflation. The purpose of the deposit interest rate cut is to squeeze out residents' excess savings deposits, promote the flow of funds to the real economy, and support economic growth.
Deposit interest rate cuts are good for liquidity-sensitive assetsLiquidity-sensitive assets refer to those assets that are greatly affected by changes in capital supply and demand, such as real estate, ** bonds, etc. When deposit rates fall, savers tend to move their money from banks to other investment channels in search of higher yields. In this way, the demand for liquidity-sensitive assets increases, which drives them
Therefore, the opportunity for ordinary people lies in the fact that deposit interest rate cuts are conducive to the allocation of liquidity-sensitive assets, which is mainly reflected in the following three aspects:
First, the real estate side. Lower interest rates on deposits will also increase the investment attractiveness of the property, as the property can provide stable rental income and capital appreciation. Therefore, the deposit rate cut is conducive to the recovery of the real estate market, however, it should be noted that the trend of the real estate market is also affected by other factors, such as policy regulation, supply and demand, regional differences, etc., so investors should consider all aspects of risk and return when choosing real estate, and do not blindly follow the trend.
Second, the consumer side. A cut in the interest rate on deposits will increase the willingness and ability to spend. Especially in the recovery stage after long-term consumption suppression, consumers' demand for service consumption such as tourism, catering, and entertainment will be released, which is conducive to the recovery and growth of the consumer industry.
Third, financial assets. The deposit rate cut will ease the pressure on financial institutions' interest margins, increase banks' credit space, and thus increase the activity of financial markets. Therefore, the deposit interest rate cut is conducive to the bond market and the bond market, among which, the bond market has a greater opportunity. Generally speaking, industries that benefit from deposit interest rate cuts, such as growth industries, consumption, finance, etc., will perform better.
In short, the deposit rate cut is a double-edged sword, for ordinary people, there are both risks and opportunities. We should allocate our assets reasonably according to our own risk appetite and return expectations, and do not put our eggs in one basket or follow the crowd, but have our own judgment and choice.
Major state-owned banks cut interest rates on deposits for the third time this year