Dec 08, 2021 07:59 AM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 8 (Xinhua) -- the people's Bank of China released the latest table of refinancing and rediscount interest rates, which shows that the refinancing interest rates for agriculture and small loans have been reduced by 0.25 percentage points since December 7. On December 6, the central bank announced that it would implement a comprehensive RRR reduction. In the view of insiders, these two measures are conducive to reducing the capital cost pressure of commercial banks and improving the level of net interest margin. Looking ahead, the valuation repair of bank stocks is expected to continue, and high-quality bank stocks are expected to usher in investment opportunities.