What are the factors that affect the interest rate level in Chapter 3 of Property Management Course for Property Managers? How do these factors affect the interest rate level?

In order to give full play to the economic leverage of interest rate, it is necessary to determine interest rate as reasonably as possible. Usually, people will make decisions based on decisions and

The basic factors that affect the interest rate are to determine the interest rate reasonably on the basic premise of grasping the reasons that determine and affect the interest rate change.

In complex economic relations, many factors have influence on the change of interest rate, but they determine and influence the reasons for its change.

The main factors are: average profit rate, capital supply and demand, national economic policy, price level and international interest rate level.

(A) the average profit rate

The average profit rate is the most basic factor to determine the interest rate. Interest is part of the average profit, and the interest rate still depends on the profit.

The operating interest rate is limited by the average interest rate. Generally speaking, the average profit rate is the upper limit of interest rate, and the lowest interest rate is not.

Will be equal to zero, otherwise there will be no lending behavior. That is, the interest rate always fluctuates between zero and the average profit rate. And interest rate level.

This change is directly proportional to the change of the average profit rate level. When the average profit rate increases, the interest rate generally increases accordingly, and the average profit

When the profit rate decreases, the interest rate decreases accordingly.

(B) the supply and demand of loan funds

In the case of a certain average profit rate, the interest rate depends on the supply and demand of borrowing funds in the financial market. this

It is because loan funds, like other funds, are all moving in fierce competition, and ultimately they are all funded by funds.

Determined by the relationship between supply and demand. Under normal circumstances, when the supply of funds exceeds demand, the interest rate rises, and when the supply of funds exceeds demand, the interest rate falls.

Health; At the same time, interest rates also react to the supply and demand of funds, and the rise in interest rates inhibits the demand for funds and is conducive to the source of funds.

Increase; Falling interest rates will increase the demand for funds. Therefore, the relationship between capital supply and demand is the basic factor to determine the interest rate level.

(3) National economic policy

Interest rate has a regulating effect on social reproduction. Therefore, the state regards interest rate as an important tool to regulate the economy. profit

Interest rates cannot fluctuate freely with the supply of loan funds, but must be regulated by the state, which has caused some generations.

Economic policies that express national intentions have direct intervention and influence on interest rates. Governments all over the world are based on their own economic conditions

Conditions and economic policy objectives, through the central bank's financial policy to affect market interest rates, and then adjust the economy,

The purpose of achieving its economic development goals.

(4) Price level

The change of interest rate is closely related to the change of price. On the one hand, the price affects the bank's absorption of social funds.

The size of the cost, thus affecting the source of bank credit funds; On the other hand, rising prices and currency depreciation are often mutually causal.

In the case of currency devaluation, banks must consider maintaining the real value of money when absorbing deposits and issuing loans. Similarly,

The other side of the credit relationship is also the issue of currency preservation. Therefore, in order to ensure that the credit parties are not affected by price changes.

The interest rate level must be adjusted reasonably according to the loss.

(V) International interest rate level

The international interest rate level has a certain influence on the change of domestic interest rate, because the domestic interest rate level directly affects it.

It affects the international flow of domestic funds, and then affects the country's balance of payments. When the international interest rate level is low

When the domestic interest rate is high, foreign monetary capital will flow into China, which will help improve the balance of payments; On the contrary,

When the international interest rate is high and the domestic interest rate is low, it will make domestic capital outflow, which is not conducive to domestic and international.

At the same time, the gap between the international interest rate and the domestic interest rate is too big, which not only affects the balance of payments,

Moreover, it will also affect the external value of the domestic currency and directly affect the country's foreign trade. Therefore, in order to balance the balance of payments,

The domestic interest rate level is often adjusted with reference to the international interest rate level to reduce the balance of payments deficit or surplus.

Interest rate is an important economic lever, which has a very important impact on macro-economic operation and micro-economic operation. Based on this, we can't relax the study of interest rate, but should try to better understand the interest rate theory and deeply understand the decision and structure of interest rate. Only by fully grasping the interest rate can we make better use of Li Yong's interest rate, develop our finance and economy and achieve our development goals.