利率市场化 改革路漫漫

Interest rate determined by market is long-way of reforming

利率市场化改革的总体思路:“先外币、后本币;先贷款、后存款;先长期、大额,后短期、小额。” 利率市场化改革的目标:“建立由市场供求决定金融机构存、贷款利率水平的利率形成机制,中央银行通过运用货币政策工具调控和引导市场利率,使市场机制在金融资源配置中发挥主导作用。” 三年前,时任中国人民银行行长的戴相龙就已公布了利率市场化的整体计划;在三年内实现利率市场化,坚持渐进改革和与国际惯例接轨的原则,先放开外币利率,后放开人民币利率;先放开货款利率,后放开存款利率。如今三年期限已满,利率市场化还会远吗?

The general reform way of interest rate to realize to be determined by market is: foreign currency first, and local one later, loan first and saving later; long-term and big amount first, short term and small amount later. The objective of interest rate to realize to be determined by market reform is to establish interest rate forming system that interest rate of saving and loan of finance agents is determined by market supply and demand?The central Bank control, modify and guide market interest rate through monetary policy, and make the marketing system play dominant role in finance resource collocation. Three years before, Dai Xianglong, the president of People's Bank of China that time publicized the whole plan of interest rate to realize to be determined by market: realize interest rate marketing in three years, insisting on the principle of reforming gradually and meet with international convention, relaxing foreign currency first and RMB later, loan rate first and saving later. Now three years is over, is interest rate to realize to be determined by market still far?