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the central bank suddenly stepped in to "save the market"! on september 24, four major news came out in the early morning!

2024-09-24

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1. the central bank suddenly stepped in to "save the market" and cut interest rates in disguise!

last week, the central bank announced that the new year's lpr and five-year lpr remain unchanged. however, the loan interest rate has dropped from 4% to 3.65%, a decrease of 35 basis points! this is not an ordinary mortgage loan interest rate adjustment, this is a disguised interest rate cut by the central bank!

with more money on hand, consumption will naturally be stimulated. that’s right, if liquidity is not released, the market’s trading volume will not be able to hold up. this “rescue” measure met market expectations, and a-shares rose sharply. this also shows that the market’s pessimistic expectations for a-shares have declined and gradually turned optimistic.

2. the central bank lowered the 14-day reverse repurchase rate by 10 basis points, which is actually in line with the last 7-day reverse repurchase rate cut.

the central bank conducted a 14-day reverse repurchase operation of 74.5 billion yuan, and the winning rate dropped to 1.85%, which was 1.95% before. at the same time, it also conducted a 7-day reverse repurchase operation of 160.1 billion yuan, and the winning rate remained at 1.70%, the same as before.

considering that the benchmark interest rate for 7-day reverse repurchase had been reduced by 10 basis points in july, this adjustment of the 14-day interest rate can be said to be a continuation of the previous adjustment.