从银行负债角度谈如何有效降低实体经济融资成本

On Effective Reduction of Financing Costs from the Perspective of Bank Liabilities

LPR报价机制改革有助于提高利率传导效率、推动降低实体经济融资成本,是实现“利率并轨”的重要一步,如何充分发挥银行在利率传导中的媒介作用是LPR报价改革取得成效的关键。文章基于对我国当前利率传导机制的理解,及对银行负债来源和成本构成的分析,从银行负债角度出发探讨能够充分发挥银行积极性、优化利率传导效率、有效降低实体经济融资成本的可行路径。

As an important step in unifying the dual-track interest rates,the reform of LPR formation mechanism helps improve the interest rate transmission efficiency and reduce financing costs in the real economy.How to give full play to banks as the intermediary in interest rate transmission is the key to the success of LPR reform.Based on discussions on China’s current transmission mechanism and the source and cost structure of bank liabilities,the article explores feasible paths that can bring banks’initiative into full play,optimize the transmission efficiency,and effectively reduce the financing cost in the real economy from the perspective of bank liabilities.