中国央行21日宣布降息,这是其逾两年来首次调低存贷款利率,这一意外之举引发各大外媒关注。外媒普遍认为,中国未来可能步入降息周期,朝着进一步放开存贷款利率的方向迈进。并指出,此次降息给了投资者信心,对于全球市场有提振作用。
中国将步入降息周期?
美国《华尔街日报》表示,中国央行做出了逾两年来的首个降息决定。这显示出,中国领导层正倾向于采取更大规模的措施来提振经济增长。
路透社援引一位经济学家的观点称,央行应当在准备进一步降息,因为中国已经进入降息周期,降准也有可能。
美国《纽约时报》发表评论文章称,中国意外降息举措给了投资者信心。一些经济学家和分析人士指出,此次降息将很可能带来更多的刺激性经济举措。
《华尔街日报》报道称,总体而言,这是中国朝着货币政策逐步正常化迈进的一步。更中长期来看,很明显这是一个好事,但从时机的角度来看,完全出乎意料。
降息对全球市场有何影响?
降息将会造成哪些国际影响?《金融时报》指出,从国际格局而言,资本市场的互动影响并未随着全球化退潮而减弱。对于中国而言,降息直接影响汇率,而汇率变化又影响不同的利益主体:一直追随美元走势的人民币也随之强势,这对出口企业形成了强大压力。而如今降息可能让投资者抛售人民币,有可能减缓甚至逆转人民币的升值势头 ,这一方面将会有利于中国出口,另一方面央行必须十分警惕可能存在的潜在资本外流压力。
《华尔街日报》也指出,降息对全球市场有提振作用。市场对此作出了剧烈的反应,全球各地的油价、金价、铜价、股市和商品货币纷纷大幅走高。
路透社则进一步分析道,中国降息举措或终结人民币升值进程,未来波动可能加大。(中国进出口网)
People’s Bank of China announced interest rate cuts on the 21st, which was the first time in more than two years to reduce its deposit and lending rates, this triggered major foreign media attention. Foreign media generally believed that China may be entering the next rate cut cycle towards further liberalization of deposit and lending rates, and pointed out that the rate cut gave investors confidence and would boost the global market.
Will China enter a rate cut cycle?
"Wall Street Journal" reported that People’s Bank of China has made in more than two years, the first rate cut decision, which showed that Chinese leaders were inclined to take more steps to boost economic growth.
Reuters quoted an economist as saying PBOC should be prepared to cut interest rates further, because China has entered the rate cut cycle, the RRR cut was also possible.
"The New York Times" issued a commentary saying that China’s unexpected interest rates cut gave investors confidence. Some economists and analysts have pointed out that the rate cut would be likely to lead to more irritation economic initiatives.
"Wall Street Journal" reported that, overall, this was a step of a gradual normalization of monetary policy. In a long term, clearly this was a good thing, but in terms of timing, it was totally unexpected.
What does the interest rates cut impact on the global market?
What international influence the interest rates cut will cause? "Financial Times" pointed out that from the international situation, with the low tide of globalization the interaction impact of the globalization of capital markets has not diminished. For China, the interest rates cut directly affected the exchange rate, which will affect the different stakeholders: followed the dollar, the yuan will also be strong, which is a strong pressure on the export business. Now interest rates may allow investors to sell the yuan, it is possible to slow down or even reverse the momentum of the yuan's appreciation, which in this regard will be conducive to China's exports, on the other hand PBOC must be very vigilant of the potential capital outflow pressure.
"Wall Street Journal" also pointed out that interest rates cut would boost the global market. Market participants made a violent reaction, oil, gold, copper, stock market and commodity currencies around the world have sharply go higher.
Reuters further analyzed, the interest rate cuts may terminate the process of the appreciation of RMB, volatility may increase in the future.