Is there a plan to reduce interest rate cuts in the second half of the year?The central bank responds →

The National New Office held a press conference in the first half of the financial statistics. Photo by Zhang Xin

On the 13th, the National New Office held a press conference on the financial statistics status of the first half of 2022. The People's Bank of China responded to hot topics such as Henan Village Bank incident, whether to reduce interest rate cuts in the second half of the year, and why residents' willingness to rise.

Will the village bank incident cause bank system risks?

Sun Tianqi, director of the Financial Stability Bureau of the People's Bank of China, said that since the incident of the risk incident of Henan Village Bank, the People's Bank of China has actively cooperated with local governments and regulatory authorities to respond to the stable responsibilities of maintaining regional financial stability, and do a good job of liquidity risk monitoring and emergency protection. Essence

Sun Tianqi said that overall, my country's financial risks converge, generally controllable, 99%of banking assets are within the security boundary. As of the end of 2021, the total assets of my country's banking institutions were 3.45 trillion, accounting for 90%of the total assets of the entire financial industry. We said that "the bank is stable and the finance is stable." In the fourth quarter of 2021, the central bank's rating results showed that among the 4398 banking institutions participating in the evaluation, there were 4,082 level 1-7 financial institutions within the margin of security. 93%, asset size accounts for 99%of the bank industry participation institutions.

Among them, 24 large banking rating has always maintained at level 1-5, which is an excellent rating. The size of the assets accounts for 70%of the entire banking industry's participation institutions. It is the cockpit stone of the entire financial industry. There are 316 high-risk institutions at the 8-D level. The number of high -risk institutions accounts for 7%of the bank industry participation agencies, but the size of the assets accounts for only 1%of the bank industry participation institutions. In other words, the central bank rating of most small and medium -sized banks is in the security boundary.

Is there a plan to reduce interest rate cuts in the second half of the year?

Zou Lan, director of the Bank of China Monetary Policy of the People's Bank of China, said at the press conference that at present, the 7 -day repurchase of the weighted average interest rate of the 7 -day repurchase of deposit institutions in the interbank market is currently around 1.6%. In the level of reasonable and abundant and slightly slightly more, the interest rate of corporate loans from January to June was 4.32%, a year -on -year decrease of 0.31 percentage points, which continued to decline steadily, and set a new low since statistics.

In the future, the People's Bank of China will be deployed in accordance with the Party Central Committee and the State Council to comprehensively consider the fundamental conditions such as economic growth and the situation of price, and reasonably match monetary policy tools to maintain reasonable liquidity and abundance, further promote financial institutions to reduce corporate financing costs, and to consolidate economic recovery and creation. The monetary financial environment.

At the same time, the central bank is highly concerned about the accelerated tightening of the monetary policy of major economies. In the early stage, measures have been adopted to adjust the foreign exchange deposit reserve rate and strengthened measures such as the macro -prudential management of cross -border capital flows. To a certain extent, the negative overflow shocks caused by changes in the external environment were reduced to a certain extent. The two -way fluctuation of the RMB exchange rate is at a reasonable level, and the flow of cross -border capital is generally stable. At the same time, as a super -large economy, the domestic currency and financial conditions are mainly determined by domestic factors. The monetary policy will continue to adhere to the orientation of me as the main internal and external balance.

What is the situation of my country's macro leverage?

Ruan Jianhong, director and reporter of the People's Bank of China Investigation Statistics, said that since the fourth quarter of 2020, my country's stable leverage has achieved significant results. Policy space.

In the first quarter of 2022, my country's macro leverage ratio was 277.1%, 4.6 percentage points higher than the end of the previous year. According to Ruan Jianhong, since this year, due to the changes in the international situation and the excellent expectations of the new round of epidemic, the downward pressure on the economy has further increased. The macro leverage is the ratio of total debt to GDP, and the slowdown in economic growth will promote the rise in macro leverage. At the same time, in order to cope with downward pressure, focus on stabilizing the macroeconomic market, and further deploy a package of stable economy. The impact of these counter -cyclical regulation policies on debt growth will be reflected in the current period, but the impact on output is relatively lagging, so the macro leverage ratio will rise in a phased increase. This is not only an objective reflection of external shocks, but also the embodiment of the adverse period regulation policy to help stabilize the macroeconomic market.

He said that although the risk challenges facing my country's economic development since this year have increased significantly, the fundamental fundamentals of my country's economy have not changed. As the domestic epidemic prevention and control situation continues to improve, and the policy and measures of stability of the economy will accelerate the effectiveness of implementation, my country's economy has shown a significant recovery momentum. This also creates conditions for maintaining a reasonable macro leverage in the future.

How to view personal savings?

In the second quarter of the People's Bank of China, the residents of the People's Bank of China's reserve households showed that 58.3%of the residents tended to "savings", an increase of 3.6 percentage points from the previous quarter. 3.7 percentage points.

Ruan Jianhong analyzed that the marginal rise of residents 'willingness to save deposits, and the marginal decline of investment willingness was mainly due to the repeated in local areas of the new crown pneumonia in the second quarter, and the residents' preference for liquidity increased. At the same time, the volatility of the capital market has increased, and the risk preferences of residents have decreased. It is expected that with the gradual alleviating of the epidemic, residents' willingness to invest will gradually recover, and the willingness to consume will steadily return.

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