The Attractiveness Of Bank Deposits Is Reduced By The Diversion Of "Baby" Financial Products.

Internet financiers believe that

The outflow of deposits will be part of the flow of "baby" financial products.

"When the deposit benchmark rate is generally lowered, the deposit interest rate of the IMF will also decline, so the yield of the financial products of the monetary fund of the balance treasure class may be slightly reduced."

Financial manager of a stock bank told reporters.

Aggregate trend is rising or unsustainable

"In the short term, because of the central bank's interest rate cut, the interest rate of bank deposits may decrease in general, and to some extent, it will activate the financial needs of some savings clients and other channels."

The manager of the bank's financial account told reporters.

Some experts believe that it is possible to cut interest rates again in the future.

Haitong Securities chief economist Li Xunlei said that in theory, there will be more than one interest rate cut in the future.

The timing of this interest rate cut is very good, which is beyond everyone's expectations.

It can be predicted that if there are multiple interest rates cut in the short term, the crowding out effect of commercial banks' deposits to the "baby" financial products will be further deepened.

However, in fact, the IMF is essentially an agreement deposit with commercial banks, which is the same as the deposit interest rate.

"The monetary fund is essentially a bank deposit. When the benchmark interest rate is generally downgraded, the interest rate of the monetary fund will fall, so the yield of the monetary fund of the balance treasure may be reduced slightly."

The manager of the bank's financial account told reporters.

Moreover, commercial banks are also raising interest rates to attract deposits and fight for deposits.

When the central bank cut interest rate policy just came out, many small and medium-sized banks immediately announced the adjustment of deposit interest rate and raised the interest rate to the top in the floating range.

It is understood that, at present, the interest rates of bank deposits have not changed much, and even the fixed interest rates of certain maturity varieties have not risen.

Therefore, in the long run, the earnings of IMF financial products will be further reduced, and the trend of total increase will be difficult to sustain.

It is worth noting that the central bank has recently announced that the central bank intends to adjust the statistical caliber of various deposits and loans of financial institutions, and adjust the statistics, project items and attribution of interbank pactions accordingly. The deposit of non depository financial institutions will be adjusted from "interbank (Lai Yuanfang)" to "deposits", and the non deposit financial institutions will be adjusted from "interbank contacts (users)" to "loans".

That is to say, such non bank interbank deposits such as IMF products may also be included in general deposits and may be accompanied by a deposit reserve.

"If I say

As a general deposit and deposit reserve fund, the bargaining power of IMF products will be weakened. "

The manager of the bank's financial account told reporters.

For the above news, SW in the research report pointed out that the non deposit financial institutions interbank deposit payment will make the balance treasure as the representative of various financial products regulatory costs increase, the proceeds will decline.

To maintain the level of earnings for stabilizing customers, it is bound to reduce the allocation of bank deposits, increase the allocation of higher income assets such as bonds, and further reduce the risk-free interest rate.

In the P2P platform as the representative of the Internet Financial personage seems to cut interest rates to a certain extent, to promote investment side investment enthusiasm.

The decline in interest rates in bank deposits and baby products will enable more investors to turn their attention to P2P financing, which is good for investment.

And at the end of the loan, banks themselves are very tight, and our customer base is different from banks, so it will not have much impact.

Fang Yihan, general manager of pleasant loan, told reporters.