利率传导机制的机理、现实条件及对投资策略的启示

The interest rate transmission mechanism and its implications for investment strategies

货币价格相互联系构成的利率传导机制，是现代经济运行的基石，是人类推出央行制度、将货币制度和实体经济结合后，在货币经济理论下诞生的市场机制。梳理利率的传导机制有助于判断金融市场资产价格的变化、分析经济运行的逻辑、辅助投资决策的实施。文章重点分析了影响我国利率传导机制效率的相关现实条件。

Interest rate transmission mechanism based on pricing interconnection is a foundation of modern economy and is a market mechanism in the monetary theory emerging after the adoption of central bank system and the combination of monetary system and real economy. The analysis on interest rate transmission mechanism is conductive to understanding the changes of asset prices in the financial market, evaluating the logic of economic performance and implementing investment decisions. The article closely analyzes the relevant actual conditions that affect the efficiency of China＇s interest rate transmission mechanism.