每经热评｜存贷利率双降 为居民减负也为财富加力

Group 1 - The recent adjustment in the financial market includes a 10 basis point reduction in the 1-year and 5-year LPR, which will directly impact housing loans, reducing the total interest on a 1 million yuan mortgage by nearly 20,000 yuan over 30 years, easing the repayment burden for homeowners [1] - On the same day, six major state-owned banks and China Merchants Bank lowered deposit rates, with the 1-year fixed deposit rate dropping to around 0.95%, a decrease of 15 basis points, and long-term deposit rates falling by 25 basis points, which helps alleviate the pressure on banks' net interest margins [1] - The dual reduction in loan and deposit rates will have a comprehensive impact on residents, increasing disposable income for those with high debt levels and enhancing the intrinsic value of non-cash assets for those with certain assets [1] Group 2 - In major cities like Beijing, Shanghai, Guangzhou, and Shenzhen, rental income from properties exceeds bank interest, with a property valued at 1 million yuan generating over 10,000 yuan more in rental income than bank interest over five years [2] - The principle of asset pricing indicates that even small fluctuations in interest rates can significantly affect asset values over time, as demonstrated by the increase in the present value of a property with a rental income of 30,000 yuan when the discount rate decreases from 1.1% to 0.95% [2] - The decline in deposit rates has led to a noticeable "deposit migration" phenomenon, with an increase in bank wealth management and non-bank asset management, largely fueled by the transfer of resident deposits [2] Group 3 - The adjustment in interest rates not only reduces residents' interest burdens but also creates favorable conditions for asset appreciation, with standardized securities responding quickly to rate changes, while the impact on real estate will manifest over time [3] - The nature of capital seeking profit ensures that the long-term effects of sustained interest rate reductions will eventually be reflected in the value of physical assets [3]