1, short line:

The loans provided by the central bank are mainly short-term, and the rediscounted bills are generally about 3 ~ 6 months, with the longest not exceeding 1 year.

2. Officiality:

The rediscount rate is the interest rate set by the central bank, which is different from the market interest rate that changes with supply and demand.

3, standard or demonstration:

The rediscount interest rate is the basic interest rate in the interest rate system, and its change indicates the measures being taken by the central bank and the change of economic prosperity, which has the notification effect.

The relationship between rediscount rate and reserve ratio;

1, raising the rediscount rate, raising the bank reserve ratio and opening up the market business are the three major monetary policies to regulate macroeconomic operation. They are parallel, have no absolute influence, just a little joint reaction.

2. When the economy is in inflation, the central bank can increase the statutory deposit reserve, thus shrinking credit and money; The central bank can also raise the rediscount rate to make the market interest rate rise, which will increase the production cost of enterprises and reduce the marginal benefit of investment, thus reducing the loan demand.