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利率市场化是我国金融改革的重要课题。长期以来,由于受计划经济体制的影响,利率改革的力度相对较小。利率是资金的价格,是中央银行货币政策的基础。没有市场化的利率,就没有连接企业、银行和财政的纽带,间接宏观调控的措施就难以奏效。这也是为什么我国利率连续多次下调效果不显著的原因所在。为发挥利率在资源配置和间接宏观调控中的作用,有必要抓住当前的有利时机,加快利率的市场化改革。
The marketization of interest rates is an important issue for China’s financial reform. For a long time, due to the impact of the planned economy, interest rate reform is relatively small. The interest rate is the price of funds and is the basis of the monetary policy of the Central Bank. Without market-oriented interest rates, there is no link between enterprises, banks and finance. Indirect macro-control measures will hardly work. This is why the interest rate in China has been repeatedly lowered many times because the effect is not significant. In order to give full play to the role of interest rates in resource allocation and indirect macro-control, it is necessary to seize the current favorable opportunity to speed up market-based interest rate reform.