1-year central vote interest rate rally experts say it has nothing to do with interest rate expectations

19 weeks after the Xinhua news agency, the 1-year central vote rate that was issued yesterday rose again.　　Experts believe that this is the increase in the cost of bank funds and monetary market tightening of the response, and raise interest rate is not related to expectations. Yesterday, the central bank issued 15 billion yuan 1-year vote, the circulation of 30 billion yuan last week reduced by half, the winning rate than last week climbed 8.32 basis points, to 2.0096%.　　The 1-year interest rate on January 19 this year is stabilising at 1.9264%, but it went up again yesterday.　　Zhaoqingming, a senior researcher at China Construction Bank, said the 1-year central vote rate was a reflection of the rising cost of capital and the periodic nervousness of money market funds. The previous March varieties of interest rate upward on the 1-year variety has a certain impetus, the recent money market funds tight, short-term interest rate levels are rising.　　Hongyuan Securities Senior researcher He Yi analysis said that from the macro level, inflation expectations are falling, economic growth has been expected to fall, so the increase in interest rate and interest rate is not related to expectations, is a passive rise. Since the beginning of May, prices have tended to be more manageable. Zhaoqingming that the current market interest rate expectations have been significantly weakened, the repression of the long-standing 1-year interest rate is a good upside.