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大行評級|摩根大通:央行下調政策利率符合預期 首選建行和招行
摩根大通發表研究報吿指,中國人民銀行、國家金融監督管理總局等上日(7日)舉行聯合新聞發佈會,宣佈推出一籃子穩市場金融政策,預期將帶來正面影響,人行將通過降準和擴大各類再貸款工具,向市場注入約2.1萬億元,政策利率下調10個基點,符合預期,結構性貨幣政策工具利率下調25個基點將降低銀行的債務成本,預期流動性支持增加及利率下降,可緩解銀行對相關貸款的資產質量方面的擔憂。摩通表示,一籃子穩市場金融政策出台後對淨息差預測的整體影響不大,預料流動性注入和利率下降可能會壓低中國十年期國債收益率,為銀行利差帶來保障,在內銀行業中首選建設銀行和招商銀行。
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