The central bank raised interest rates for the third time in the year and the entire steel market

"Happy only two or three days, and one night before returning to liberation." Although these two sentences are ridiculous, the central bank has raised interest rates again from today, and this may be the case for the immediate impact on the steel market and the iron market. Last night, the central bank announced that it will raise the benchmark interest rate of RMB deposits and loans of financial institutions by 0.25 percentage points from July 7. This is the third time the central bank raised interest rates this year, and it is also the sixth increase in deposit reserve since June 20 this year. Once again, financial means are used to regulate the current intensified inflation situation in China. Understand that people can see the real intention of the central bank to raise interest rates at a glance. I will not talk about the impact and constraints of the central bank's behavior on the current domestic economic situation and inflationary pressure. It is just a few words to talk about the new disadvantages of the entire steel market that has just seen some improvement and hope in the past two days. Whether it is to raise the deposit and loan reserve interest rate or raise interest rates, the central bank has only one purpose: to use the method of tightening monetary policy to reduce the amount of commercial banks' market funds and reduce the demand for bank funds. In the current state of the steel market in China, under the situation that the capital situation of large and small steel mills and steel circulation enterprises is extremely tight, the central bank suddenly announced a rate hike, which will definitely create new setbacks for the entire market. At present, the status quo of the entire steel market and the iron market is obvious to all. After nearly a month of plunging, the market has rebounded slightly in the past two days. The market has just gathered at the starting point, and the next step will be a new round of decline.  

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