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Answer analysis This question examines the general principle. Comparison of Bank Personal Loan Pricing on Economic Cycle and Macroeconomic Policy When the macro economy is getting hotter, the price of personal loan should be raised.
Second, in macroeconomics, what effect does the rise in price level have on the total supply curve?
Hello, generally speaking, we say that the rising price level is a sign of inflation, indicating that the economy is getting hotter and hotter, and investment and consumption are booming (that is, production and sales are booming). Then, in order to make a profit, enterprises will produce in large quantities to meet the strong demand of consumers, so the total output in the economy will increase and the total supply curve will shift to the right.
However, there is actually another situation. If the cost level of enterprises also rises sharply (wages, raw materials, equipment and factories, loan interest rates, etc.). ), then enterprises may reduce production because of the marginal cost increase (of course, the output at this time should be very high), then the total supply curve may stop or even retreat to a certain extent, and in serious cases, it may also cause cost-driven inflation: costs rise, and enterprises raise commodity prices for profit, leading to general price increases.
If it continues, it may reduce investment and production, and the total supply curve will shift to the left.
Third, how does the macroeconomic situation affect loan pricing?
From a macro point of view, in addition to the supply and demand of loan funds, there are also the following factors that affect the interest rate level: First, the average profit rate. Interest is a part of profit, which comes from the movement process of transforming borrowing capital into production capital. Therefore, the average profit rate of a country in a certain period determines the upper limit of the interest rate level. The second is the expected inflation rate. Inflation will cause the currency to depreciate. In order to make up for the loss of the value of the principal and interest of the loan funds, the loan interest rate must be increased accordingly. The third is monetary policy. When the central bank implements expansionary monetary policy, interest rates will fall; When a tight monetary policy is implemented, interest rates will rise. From another perspective, interest rate adjustment itself is also an important part of monetary policy. The fourth is the international interest rate level. The international interest rate level and its changing trend have a strong "demonstration effect" on the domestic interest rate level. Generally speaking, the decline of international interest rate will lower the level of domestic interest rate or restrain the rise of domestic interest rate, and vice versa. The higher the openness of a country's economy and finance, the greater the influence of the international interest rate level. The fifth is the historical interest rate level. Interest rate has a strong historical inheritance, and the historical interest rate level is an important reference when adjusting interest rates.
Fourth, the factors of loan pricing.
The loan price in a broad sense includes loan interest rate, loan commitment fee and service fee, prepayment or overdue penalty, etc. The loan interest rate is the main component of the loan price. In macroeconomic operation, the main factor affecting the overall level of loan interest rate is the supply and demand of funds in the credit market. From the micro level, in the actual operation of loan business, banks as loan suppliers should consider many factors. Banks sometimes require borrowers to maintain a certain deposit balance, that is, the deposit compensation balance, as an additional condition for issuing loans. The balance of deposit compensation is actually an implied loan price, so it has a trade-off relationship with the loan interest rate. On the basis of comprehensive consideration of various factors, banks have formulated several loan pricing methods, each of which embodies different pricing strategies.