降准降息！五年期以上首套房公积金贷款利率降至2.6%

Core Points - The People's Bank of China (PBOC) announced a series of monetary policy measures aimed at stabilizing the market and expectations, including a 0.5% reduction in the reserve requirement ratio and a 0.1% decrease in policy interest rates [1][3] - The measures are categorized into three types: quantity-based policies, price-based policies, and structural policies, with a total of ten specific measures outlined [3] Group 1: Quantity-based Policies - The reserve requirement ratio will be lowered by 0.5%, which is expected to provide approximately 1 trillion yuan in long-term liquidity to the market [3] - The reserve requirement ratio for auto finance companies and financial leasing companies will be reduced from 5% to 0% on a phased basis [3] Group 2: Price-based Policies - The policy interest rate will be reduced by 0.1%, lowering the 7-day reverse repurchase rate from 1.5% to 1.4%, which is anticipated to lead to a similar decrease in the Loan Prime Rate (LPR) by about 0.1% [3] - The personal housing provident fund loan interest rate will be reduced by 0.25%, with the interest rate for first-time homebuyers on loans over five years dropping from 2.85% to 2.6% [4] Group 3: Structural Policies - A new 500 billion yuan "service consumption and pension re-loan" program will be established to encourage commercial banks to increase credit support for service consumption and pension sectors [4]