The reduction of interest of China's central bank belongs to the collective action of global central banks, which is the counterpart of last year global six central banks saving the market and which China just follow the trend. The people's bank of China announced, one-year deposit rate of financial institutions fell by 0.25%, and the one-year lending rate fell by 0.31%; Other each level of deposit rate and individual housing accumulation fund of loan rate were adjusted accordingly. The central bank also announced that, since that day, it would adjust the lower limit of f range of floating rate of financial institutions to the benchmark interest rate of 0.7. The floating interval of Personal housing loan of interest rate is not adjusted and financial institutions should continue to strictly carry out the housing credit policy of differentiation, and continue to restrain speculative investment of the house.

It is only one month since the last reduction of interest. The central bank had previously on 8 June of this year, after 3 and a half years later, firstly reduced the RMB benchmark interest rates of financial institutions. The reduction of interest, in recent years was also the first time of the asymmetric rate cut, and after the interest rate of adjustment, the one-year deposit rate is 3%,and the one-year loan interest rate is 6%. Analysts believed that the rate cut of arrangement, on the one hand, relieved pressure of the enterprise finance, on the other hand, expanded the road for the reform development of interest rates iberalization. But there is no more bulk goods'prices up, so whether tne measure can boost the stock market or not is still uncertainty. More is to let the market concerning about China's economic situation.