1. How to calculate the daily interest rate?
Divide the annual interest rate by 12 to get the monthly interest rate, and then divide the daily interest rate by 30 to get the daily interest rate.
Daily interest rate = annual interest rate/12/30= annual interest rate /360.
Example of daily interest rate calculation:
Calculate the daily interest rate according to the bank's benchmark interest rate.
(1) The annual interest rate of loans within six months (including six months) is 4.35%.
The daily interest rate = 4.35%/12/30 = 0.012%.
(2) The annual interest rate of loans with a term of more than five years is 4.9%.
The daily interest rate = 4.9%/12/30 = 0.013%.
Second, the bank interest rate.
Bank interest rate, also known as interest rate, indicates the ratio of interest to principal in a certain period, expressed as a percentage.
Formula: interest rate = interest/principal * 100%.
Generally speaking, interest rates are expressed by annual interest rate, monthly interest rate and daily interest rate.
Interest rate can be divided into deposit interest rate and loan interest rate according to the different economic relations attached to it.
The adjustment of interest rate is actually the adjustment of the interests of all parties. The People's Bank of China mainly considers the following factors when determining the interest rate level.
1, total price level
This is an important basis for safeguarding the interests of depositors. If the interest rate is higher than the price increase rate in the same period, the actual interest income of depositors can be guaranteed to be positive; On the contrary, if the interest rate is lower than the rate of price increase, the real interest income of depositors will become negative. So the interest rate depends not only on the nominal interest rate, but also on the positive interest rate or negative interest rate.
2. Interest burden
For a long time, most of the funds for the production and development of large and medium-sized state-owned enterprises depend on bank loans, and the change of interest rate level has a direct and important impact on the costs and profits of enterprises. Therefore, the determination of interest rate level must consider the affordability of enterprises. For example, from 1996 to 1999, the People's Bank of China lowered the deposit and loan interest rates for seven consecutive times, greatly reducing the interest expenses of corporate loans.
3. Benefits
The influence of interest rate adjustment on fiscal revenue and expenditure is mainly indirectly produced by affecting the increase or decrease of fiscal tax paid by enterprises and banks. Therefore, when adjusting the interest rate level, we must comprehensively consider the revenue and expenditure of the state finance. Banks are special enterprises that manage monetary funds, and deposit-loan spreads are the main source of bank income. The determination of interest rate level should also maintain an appropriate deposit-loan spread to ensure the normal operation of banks.
4. Supply and demand situation
Interest rate policy should obey the overall situation of national economic policy and reflect the requirements of national policies in different periods. Like the prices of other commodities, the determination of interest rate level should also consider the supply and demand of social funds, which is restricted by the law of supply and demand of funds.
In addition, other factors such as duration and risk are also important basis for determining the interest rate level. Generally speaking, the longer the term, the higher the interest rate; The greater the risk, the higher the interest rate. Conversely, the lower the interest rate. With the improvement of China's economic openness, the change of international financial market interest rate will have a greater and greater impact on China's interest rate. When studying domestic interest rates, we should also refer to international interest rates.