我国基准利率体系构建现状与DR运用探讨

Discussion on Status Quo of China’s Benchmark System Construction and DR Application

央行报告指出,要重点通过创新和扩大DR在金融产品中的运用,将其打造成为中国货币政策调控和金融市场定价的关键性参考指标。文章介绍了货币市场基准利率DR、债券市场基准利率国债收益率和信贷市场基准利率LPR的发展历程,分析央行选择DR作为基准的原因,并研究具体措施的可行性。

A central bank report reiterated the importance of innovation and the necessity of expanding the use of DR in financial products to make DR the key reference for China’s monetary policy adjustment and financial market pricing.The article introduces the evolution of DR(the money market benchmark rate),treasury yield(the bond market benchmark rate) and LPR(the credit market benchmark rate),analyzes the reasons behind the central bank’s choice of DR as the benchmark,and studies the feasibility of specific measures.