Do not be afraid, loose delay is not equal to tighten! Interpretation — on the central bank to rest

Do not be afraid, loose delay is not equal to tighten! Interpretation — on the central bank to restart the 14 day reverse repurchase (Jiang Chao, Zhou Xia, Haitong bond – Gu Xiao Xiao) – Sohu finance do not be afraid, loose delay is not equal to — to tighten the central bank to restart the reverse repo day interpretation of February, the central bank after half a year to restart the reverse repo rate 2.4% days, the tender with the previous year. This also confirms the rumors of the month, or the central bank will restart the day reverse repurchase. This news caused a great disturbance in the bond market, the 10-year bond futures contract fell 0.5%, 10-year interest rates sharply upward 4bp, also hit the biggest decline since march. For a time, the stock and bond markets have become a badly frightened person, is not the wolf? Monetary policy turned? Financial leverage to start? In the end how to look at the central bank reverse repurchase restart it? We believe that loose monetary policy will be delayed, but will not tighten. We know that the central bank’s monetary policy tools are divided into two categories: one is the number of control tools, such as the deposit reserve rate, SLO, MLF, reverse repo, central bank bills, the other one is the price regulation tools, such as interest rate, exchange rate etc.. But in the central bank’s monetary policy tightening history, usually has a very clear signal that reflects a rise in interest rates, or the return of funds, such as the reserve rate increases, or issuing central bank bills, repurchase and return the money. If the central bank raised the deposit reserve rate or interest rate directly, then the signal will be the monetary tightening is quite obvious, such as the year and in the first half of this year, there are, and years. But in the shortage of money, the central bank did not increase or increase, but the currency rate R007 soared to more than 10%, resulting in the bond market of Shanghai stock index also fell Starving people fill the land., following. In this case, the use of monetary instruments for the central bank to observe the details is very important. When the central bank in the month and month were re launched the day and the reverse repurchase, but then the day reverse repo rate from 3.35% at the beginning of the year to a substantial increase of up to 4.4%, the reverse repo rate from a substantial increase of up to 4.5% of the date. At the same time the central bank in June to restart the one-year central bank bills issued, similar to the return of funds and locked so that for years, this behavior also has a name called "lock long put short, although the central bank through reverse repurchase on short-term liquidity, but through the central lock long-term liquidity, overall is still tighten policy mix. Therefore there is a shortage of money years behind the central bank’s monetary policy clear turn by restarting the one-year central bank bills and increase the reverse repo rate clearly conveys the tightening signal. Look at this time, the last two days of the repo rate compared to the previous week has obvious upward, but the day repurchase rate is from 2.47% last week rose to about 2.7%, and 10% years can not be mentioned in the same breath with. From the central bank or the number of signal transmission price point of view, there is no sign of any tightening signal. First of all, the issue of reverse repo rate of 2.4% today, and the Spring Festival this year, the interest rate unchanged and not increased, while the reward相关的主题文章:

HUAWEI Nova China to 2588 yuan price exposure Xiaolong 625- digital Sohu zhuxianduowan

HUAWEI Nova China price exposure: 2588 yuan Xiaolong 625- digital mobile phone China Sohu [news] in early September, the positioning of young fashion HUAWEI Nova series mobile phone has been in the overseas debut, after a lapse of one month, now the Nova series of new machines will finally be released in China market. It is reported that HUAWEI Nova will be popular idol Zhang Yixing and Guan Xiaotong endorsement, has opened a number of platforms such as Jingdong appointment. Jingdong released the reservation price, the Jingdong gives reservation price of 2588 yuan, the Jingdong that this price is the price of virtual actual price in October 14th, manufacturers conference announced the price shall prevail, but taking into account the Suning also gives 2588 yuan booking price, so we guess the final pricing should be similar to the HUAWEI Nova price and this. If HUAWEI Nova really priced at around 2588 yuan, then, in fact, is much cheaper than the overseas version. It is reported that its overseas version price from 399 euros (about RMB 2970 yuan) start. HUAWEI Nova configuration, HUAWEI Nova equipped with 14nm technology Qualcomm snapdragon 625 processor, built-in 3GB RAM+32GB ROM standard 3020mAh high density battery, dual card dual standby full Netcom, equipped with 5 million pixel front + rear 12 million pixel camera, support 2 and 3 beauty beauty, not only the color value is high, but also can guarantee in front of the camera you shoot high color value. As mentioned earlier, HUAWEI Nova new machine will be released in October 14th, directed at the appearance and configuration, you will consider starting?相关的主题文章: