推进利率市场化 完善货币政策传导机制

Advancement of Marketization of Interest Rate and Improvement of Transmit Mechanism of Monetary Policy

由于我国当前货币市场不健全、利率市场化进程比较慢等诸多因素,使得利率在我国货币政策传导中的作用比较有限,改革势在必行。利率市场化的前提是货币市场的高度发展,而货币市场的发展也受到利率市场化进程的制约。可通过加快货币市场体系建设,稳步推进利率市场化,为利率渠道发挥作用创造必要的条件。

Owing to some factors like incompletion of montary market and slow development of marketiza-tion of interest rate, the interest rate plays limit role in the transmission of monetary policy in China. The precondition of marketization of interest rate is to develop a high monetary market, while this is restricted by the advancement of marketization of interest rate. So construction of monetary market and marktiza-tion of interest rate should be carried out.