隔夜cut 25bps...7 n4 d O& X. X+ n; i) [" H
看来保房市重中之重,跟天朝一个德行 # V: x, F. p& M, {4 x3 F# T8 I q- i* c
Agree with you on the point. The cut is Based on the idea that oil price will be up within 6 months as in 2009. They are gambling now, but have a winning chance by more than 50 %.
Houses will be stable so far under the policy of BOC, but your daily life cost will be increasing due to the purchasing goods from US. A new balance will be set for a while at the cost of increasing daily life expense. The result will depend on the rise of crude oil in an acceptable period, but it is worth taking a step.
- L Y7 z h2 E) ^* z: Q! E' g3 N本来正确的应对方式是加息,但是这样做显然重挫房地产,如果引发家庭高负债率的大震动必然引发信用危机,决策层不敢这么做,用了一个拖字诀,降息,稳住房地产,寄希望国际油价企稳,美国经济走高带小弟走出泥潭,想法很美丽,但是万一现实很残酷呢? ) T$ I$ e; g% J" m. p' N+ Z' I
It seems no prime rate lowered this time from Oliver's speech today? If yes, BOC is worrying about the debts in the residential mortgage? but has to give soem blood to the industry?