After nearly three years, again raise refinancing discount interest

The central bank website 27th update shows, since December 26 date for financial institutions loan (raised interest rates, which one-year refinancing) raised 0.52 percentage point to 3.85%; Discount interest rate from 1.80% raised to 2.25%. Both 2008 the first increase since January.

The central bank loans to banking institutions, called refinancing, in recent years, mainly used for not commonly used financial stability.

The central bank to banking institutions of commercial bills discounting called discount. Discount policy is the central bank \”monetary policy tools\” three magic weapons, was one of the central bank to control base currency important channel and financial regulation of monetary policy tools, raise again discount interest, equivalent to will base currency from society, rise to shrink back liquidity role.

Discount can not only to control money amount, still can adjust structure. The central bank may stipulate what bills can be discount, which institutions can apply for discount, because have specific aim, can make the policy effect is more accurate.

The central university of finance and banking, director of the research centre guo TianYong analysis says, through the use of discount of banking institutions, central bankers can then the whole social mobility influence.

The data shows, in the management of the liquidity of high end of 2007, the central bank through early 2008 with interest rate, the deposit reserve rate and open market operation wait for means, once sharply raised refinancing and discount rate. Among them, the discount rate hike 1.08 percentage points.

And as the international financial crisis, the central bank in the fourth quarter of 2008 turning to market liquidity, release twice cut refinancing and discount rate, among them, the discount rate twice the reduction is achieved respectively 1.35 percentage points and 1.17 percentage points.

Although refinancing rates and discount rate rise to a market released the credit crunch signal, but the personage inside course of study thinks generally this policy of market has limited impact.

The central bank of a personage also explained, discount tools, not the strength of mild to economic behavior produce violent shocks.

The central bank figures, as at the end of the third quarter, the cumulative conduction discount 979 billion yuan, year-on-year increase 885 billion yuan. Discount balance 561 million yuan, year-on-year increase 483 million yuan.

The central bank website 27th update shows, since December 26 date for financial institutions loan (raised interest rates, which one-year refinancing) raised 0.52 percentage point to 3.85%; Discount interest rate from 1.80% raised to 2.25%. Both 2008 the first increase since January.

The central bank loans to banking institutions, called refinancing, in recent years, mainly used for not commonly used financial stability.

The central bank to banking institutions of commercial bills discounting called discount. Discount policy is the central bank \”monetary policy tools\” three magic weapons, was one of the central bank to control base currency important channel and financial regulation of monetary policy tools, raise again discount interest, equivalent to will base currency from society, rise to shrink back liquidity role.

Discount can not only to control money amount, still can adjust structure. The central bank may stipulate what bills can be discount, which institutions can apply for discount, because have specific aim, can make the policy effect is more accurate.

The central university of finance and banking, director of the research centre guo TianYong analysis says, through the use of discount of banking institutions, central bankers can then the whole social mobility influence.

The data shows, in the management of the liquidity of high end of 2007, the central bank through early 2008 with interest rate, the deposit reserve rate and open market operation wait for means, once sharply raised refinancing and discount rate. Among them, the discount rate hike 1.08 percentage points.

And as the international financial crisis, the central bank in the fourth quarter of 2008 turning to market liquidity, release twice cut refinancing and discount rate, among them, the discount rate twice the reduction is achieved respectively 1.35 percentage points and 1.17 percentage points.

Although refinancing rates and discount rate rise to a market released the credit crunch signal, but the personage inside course of study thinks generally this policy of market has limited impact.

The central bank of a personage also explained, discount tools, not the strength of mild to economic behavior produce violent shocks.

The central bank figures, as at the end of the third quarter, the cumulative conduction discount 979 billion yuan, year-on-year increase 885 billion yuan. Discount balance 561 million yuan, year-on-year increase 483 million yuan.

Author Bio: I am Lanbo Jiang, and my work is to promote a free online trade platform. http://www.himfr.com/contain a great deal of information about fur snow boots,magnetic copper bracelet,canon l50 toner, welcome to visit!

Category: Business
Keywords: fur snow boots,magnetic copper bracelet,canon l50 toner,