Interest rate refers to the ratio of interest amount to loan amount (principal) in a certain period, usually calculated by the percentage of one-year interest to principal. As the price of capital, interest rate is determined and influenced by many complicated factors, and the interest rate level is ultimately determined by the comprehensive influence of various factors. First of all, the interest rate is influenced by the average profit level of the industry, money supply and demand and economic development. Secondly, it is influenced by price level, interest rate control, international economic situation and monetary policy.

Influencing factors of interest rate:

1, economic factors

Average industrial profit level, economic development, international economic situation and price level (inflation)

2. Policy factors

Interest rate control, monetary policy

3. Market factors

Money supply and demand situation

Tips: The above information is for reference only, and no suggestions are made.

Response time: February 7, 2022. Please refer to the latest business changes announced by Ping An Bank in official website.