提高利率对货币政策的传导效率

On Transmission Efficiency of Raising Interest Rate for Monetary Policies

货币政策主要通过利率的变动进行传导,我国货币政策的利率传导渠道在中央银行、商业银行和微观经济主体三个层面上存在着众多传导障碍,影响了货币政策的效果。因此,需要改善利率传导的经济环境,进而发挥货币政策的有效性。

Monetary policies are mainly transmitted by changing the interest rate. There are many obstacles for interest rate transmission tunnel of monetary policies in central bank of China, commercial banks and micro-economy, which influence the effect of monetary policies. For that, economic environment hindering interest rate tunnel needs improving so as to bring efficacy of monetary policies into play.