降息政策与储蓄增长

On Rate-Lowering Policy and Growth of Savings

自 1996年来 ,为了刺激消费 ,扩大内需 ,促进经济的复苏与繁荣 ,中国人民银行连续八次降低金融机构人民币存贷款利率 ,但我国储蓄依然居高不下 ,降息的政策效果并不明显。该文认为 ,全球经济萧条是外因 ,而经济主体 ,如居民、企业、银行、政府的行为才是导致降息低效的根本原因 ,因此 ,解决这一现实问题需要全社会共同努力 ,将降息与其它政策配套使用才能行之有效。

In order to further stimulate consumer spending,expand domestic demand,revive and boost the national economy,the People's Bank of China has lowered interest rates for eight successive times since 1996. But the consequence isn't satisfying. Global economic downturn,which has an ill impact on China's economy,is an explicit reason. Concerning the inherent reason,the behavior of economic units—individuals and households,enterprises and entrepreneurs,banks and governments should be taken into account. Only an interest-rate cut linking with other policies,with great efforts made by the whole society,can the problem be solved efficiently.