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14日看盤必讀:降存准率刺激作用或有限 @ 2012-05-14T09: Back Hot News
Keyword:下調 存准率
Concept:5000億元人民幣 , 下調金融機構存款准備金率
在上次2月18日宣布下調存准時,港股僅在公布前一個交易日偷步炒高,預期落實即告獲利回吐。法國巴黎投資管理大中華區股票投資主管何國良昨指,市場會視乎估值水平作不同反應,目前無論國指或恆指都不算貴,看不出有特別的沽售理由。「如果說,因預期下調存准率,股市先行急升的話,反而明日(今日)因預期落實獲利回吐的機會大一些。」
中央下調存准率 港股恆指反彈後仍擔憂歐債
下調存准率 效用有限
也有機構認為,過去幾周央行連續在公開市場淨投放資金,貨幣市場利率仍未見有效下行,反映商業銀行超儲率仍舊承壓。考慮到公開市場到期資金量將開始回落,4月末資金面再度承壓,結合央行近期言論,不排除再度啟用逆回購的可能。而在當前宏觀經濟依然等待軟著陸的背景下,為了繼續對信貸提供支持,未來存准率的進一步下調將是必要手段。

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