The Japanese government and central bank to consider new measures to buy non-performing loans of banks
BEIJING, on Dec. 30th integrated power, sources reported that, according to Japanese media report on Tuesday, the Japanese government and the Bank of Japan was considering new measures to take, which to use the funds to purchase non-performing loans and other types of bank financial assets. it was reported that the move was aimed at strengthening the capacity of financial institutions lending, to ease tight credit. With the overall economic environment of rapid deterioration, the credit market tensions’ board will further aggravate.
Experts: Central Bank will continue to cut interest rates sharply in 2009
This week, the central bank announced to cut down 1.08 percentage points benchmark interest rate for one year, while the experts maintain that in 2009, the central bank will continue to cut interest rates sharply. They point out that Europe and the United States economy has entered a recession because of the financial crisis, our domestic export growth and industrial added value growth will have a marked decline, so the central bank will cut interest rates sharply to form the resultant force of policies.
High national debt will escort the Chinese economy in 2009
It is reported that in December, the Central Economic Work Conference will release more signals to stimulate the economy, including under the cooperation of proactive fiscal policy and moderate monetary policy next year, China will issue at least 2,000 billion yuan long-term bonds and moderately expand the size of deficit. China Macroeconomic Institute of the Secretary-General Wang Jian also estimated that next year China may issue 200 billion to 300 billion yuan for bond construction.
The Central Bank has cut interest rates drastically for four times
The interest cut widely rumored for several days at last become a reality, which the Central Bank yesterday announced that from now on financial institutions would cut one-year benchmark deposit and lending interest rates by 1.08 percentage point, and the deposit and loan interest rates of other grades adjusted accordingly.
Great cut interest rates increase the country’s determination: security for growth
The Central Bank cut interest rates which was expected in the market, but 1.08 percentage point drop was far beyond expectations. Large commercial banks lowered the rate to adjust the deposit reserve ratio also reflects the decision-making with a view to preventing deflation in the short term and a long-term anti-inflationary intention.
EMC stock: Comments on the reserve ratio and interest rates cut sharply by the Central Bank
Yesterday, the Central Bank cut the rates of benchmark deposit and lending & deposit reserve, also announced to cut the statutory reserve rates and excess reserve rate, as well as refinancing and rediscount rate. The benchmark deposit and loan interest rates will start from Nov. 27 with down 1.08 percentage points, and benchmark interest rate of deposit and loan of other grades will be adjusted accordingly.
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