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此次加息与去年两次加息的方式有明显不同,主要表现在存款与贷款、长期与短期加的幅度几乎一致(除了一年期以下),对银行净利差影响不大。但是,从06年8月加息后,央行连续3次上调了法定存款准备金率,连续的金融信号放出,加之宏观调控措施连续出台,使宏观调控的边际影响逐步增强。银行业承担的宏观紧缩政策的影响不断累计,负面影响加大。
The rate hike was significantly different from the rate hike last year. It is mainly reflected in deposits and loans. The long-term and short-term increases are almost the same (except for one year or less), with little effect on the bank net interest spread. However, after the rate hike in August 2006, the central bank raised the statutory deposit reserve ratio three times in a row and the continuous issuance of financial signals. In addition, the continuous introduction of macro-control measures has gradually strengthened the marginal impact of macro-control. The macroeconomic tightening policies undertaken by the banking sector continue to accumulate, with negative impacts increasing.