在影响股市走势的诸多因素中,利率是一种比较敏感的因素,可以说除了人民币汇率因素外,没有哪个因素能超过利率对股市产生更深远而实质的影响。那么利率变化对股市的演绎会产生什么样影响呢?目前名义利率不高,实际利率呈负值,处于我国改革开放25年来最低水平,有益于股票市场行情的演绎。 Among the many factors affecting the stock market, interest rates are a rather sensitive factor. It can be said that no factor other than the RMB exchange rate can exceed the interest rate and have a more profound and substantive impact on the stock market. So what impact will the interest rate change have on the performance of the stock market? At present, the nominal interest rate is not high, and the real interest rate is negative, which is at the lowest level in 25 years of China’s reform and opening up, which is good for the interpretation of the stock market.