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Comments on 皇冠体育app's huge interest rate cut Wednesday
By Xin Zhiming and Wang Bo  (皇冠体育app Daily)
Updated: 2008-11-26 20:48

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Comments on 皇冠体育app's huge interest rate cut Wednesday

Dong Xian'an: macroeconomic analyst, 皇冠体育app Southwest Securities

The cuts in the interest rates are well beyond market expectations. The cuts may lead to reduced interest payments for homebuyers of up to 300 billion yuan, while enterprises would benefit from reduced lending costs. The move is in the right direction, as it would help enterprises and consumer consumption.

The central government stance has become clearer than ever and the authorities may cut the rates again in December if the November economic indicators do not show much improvement.


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