利率“两轨合一轨”面临的挑战及对策建议  

The Restrictive Factors and Countermeasures of"Two Tracks in one Track"of Interest Rate

作　　者：马延明[1] 刘星星 Ma Yanming;Liu Xingxing(Yan’an Municipal Sub-branch PBC,Yan’an Shaanxi 716000)

机构地区：[1]中国人民银行延安市中心支行,陕西延安716000

出　　处：《西部金融》2020年第7期47-50,共4页West China Finance

摘　　要：目前我国利率体系存在“双轨制”特征,即尚未完全市场化的存贷款利率和完全市场化的货币市场利率并存。一定时期内双轨制利率并行有一定的积极作用,但是随着金融改革的不断深化,双轨制已经不再适应利率市场化的需要,对货币政策向实体经济传导形成了阻碍。因此,稳妥推进利率“两轨合一轨”成为当前利率市场化改革迫切需要解决的问题。本文结合我国金融发展实际,深入剖析了我国推进利率并轨所面临的制约因素,并针对制约因素提出对策建议。At present,China's interest rate system has a"dual-track"feature,that is,the deposit and loan interest rate which is not completely market-oriented and the money market interest rate which is completely market-oriented coexist.In a certain period of time,the double-track system of interest rates has played a positive role,but with the deepening of financial reform,the double-track system has no longer adapted to the needs of interest rate marketization,and has become an obstacle to the transmission of policy interest rates to the real economy,it is an urgent problem for the market-oriented reform of interest rate to advance the"two-track integration"of interest rate steadily.Based on the reality of China's financial development,this paper deeply analyzes the six restrictive factors that our country faces in steadily promoting the convergence of interest rates,and puts forward some concrete countermeasures and suggestions.

关 键 词：利率并轨 利率市场化 货币市场利率 

分 类 号：F832.32[经济管理—金融学]