The Central Bank Raised Interest Rates For The First Time In The New Year &Nbsp; Industry Insiders Said The Impact On The Commodity Market Was Limited.

On the evening of 9, the people's Bank of China announced that it will raise the financial institutions one year from now.

Although the market has expected to raise interest rates, the central bank has chosen to announce the last day of the Spring Festival holiday.

"In January, the macroeconomic data will be released soon. Based on the holiday effect, we expect that the possibility of CPI rebound will be great, or even exclude the possibility of innovation."

Wu Yang, deputy director of Guotai Junan Futures Research Institute, told reporters in the futures daily that the recent geopolitical events in North Africa were frequent, leading to the backflow of developed capital markets and obvious signs. Choosing this point to raise interest rates will not attract the attention of hot money.

In addition, in view of the overall strength of the external commodities during the Spring Festival period, the central bank also intends to borrow the interest rate increase to "pour cold water" on the domestic commodity market, so as to prevent market excitement.

For this increase in interest rates, Zhu Bin, director of Nanhua Futures Research Institute, believes that it will not have a particularly significant impact on the commodity market and will not change the bull market pattern of the current commodity market.

First of all, China's monetary policy has returned to a stable overall this year. Tightening policy is inevitable, and the market has already had some expectations before. Secondly, the interest rate hike is the third time since 2010, and the impact on the commodity market will only be fully revealed only if the rate hike continues to a certain extent.

Wu Yang also agrees with the above views.

He said that the internal and external markets of commodities are linked, and in the current environment, the commodity market will remain strong as a whole.

During the Spring Festival, the overall performance of the external commodities is strong, and will play a leading role in the domestic commodity market.

Qiu Haixiang, director of the Donghai Futures Research Institute, said that we should guard against the risk of commodity market going down and adjusting this interest rate increase.

In his view, the current commodity market is at a high level. Lun copper has reached a new high. However, the determination and intensity of China's price control has not diminished, and the international market is always concerned about the trend of China's policies.

Relatively speaking, funds in the international market are more likely to profit from this point of time and lead to market pullbacks.

Even in the domestic market, the callbacks will be differentiated, and the agricultural products will still be relatively strong.

"Relative to the commodity market, the impact of this rate increase on stock market and futures index may be slightly larger, but in view of the current position, there is limited space for the stock market to fall."