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中国基准利率雏形亮相1．4由全国银行间同业拆借中心发布的“上海银行间同业拆放利率”(简称“Shibor”)正式运行。Shibor是由信用等级较高的银行组成报价团自主报出的人民币同业拆出利率计算确定的算术平均利率,是单利、无担保、批发性利率。目前对社会公布的Shibor品种包括隔夜、1周、2周、1个月、3个月、6个月、9个月及1年。Shibor这杆“标尺”,能在整个利率体系中起主导作用,并能制约其他利率。央行以后可通过公开市场操作来调整基准利率,形成合理的市场预期,进而传导并影响微观经济行为,使其调控更加精准和有效。
China’s benchmark interest rate prototype debut 1.4 By the National Inter-bank Funding Center released “Shanghai Interbank Offered Rate” (“Shibor” for short) official operation. Shibor is an arithmetic mean rate determined by the RMB inter-bank lending rate independently quoted by a quoted bank of a bank with a higher credit rating. It is a simple interest-free, unsecured, wholesale interest rate. Currently published to the community Shibor varieties include overnight, 1 week, 2 weeks, 1 month, 3 months, 6 months, 9 months and 1 year. Shibor rod “rod”, can play a leading role in the entire interest rate system, and can restrain other interest rates. After the central bank can adjust the benchmark interest rate through open market operations to form a reasonable market expectation, which in turn will guide and influence the microeconomic behavior and make its regulation more accurate and effective.