The benchmark interest rate rises by 1% from 4.9%, which is 1 percentage points more than the benchmark interest rate, which is equivalent to the interest rate being 1.1 times of the benchmark interest rate, that is,
4.9%+4.9%x1%=5.39%.
floating interest rate refers to a credit policy that the ratio of interest amount to loan principal is higher than the benchmark interest rate in a certain period of time when commercial banks guide and standardize the loan business procedures.
The ratio of the benchmark interest rate is generally drawn up and published by the central bank where the country is located according to the social and economic situation at that time.
Extended information:
The benchmark interest rate for deposits and loans is the guiding interest rate for loans issued by the central bank (People's Bank of China) to commercial banks, and it is one of the monetary policies used by the central bank to regulate the operation of social economy and financial system.
Commercial banks will formulate a combination of deposit interest rates based on this benchmark interest rate. Raising the benchmark interest rate means shrinking credit, reducing social mobility, raising credit costs and slowing down economic development. or vice versa, Dallas to the auditorium
benchmark loan interest rate _ Baidu encyclopedia? How to calculate the mortgage interest
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If the original interest rate is 4.9%, the interest rate with a floating rate of 1% is 4.9%*1.1=5.39%. Floating interest rate refers to a credit policy that the ratio of interest amount to loan principal is higher than the benchmark interest rate in a certain period of time when commercial banks guide and standardize loan business procedures.
Extended information
Floating interest rate means that commercial banks (banking and financial institutions other than the People's Bank of China) make different upward adjustments to interest rates for a certain business on the basis of the benchmark interest rate issued and announced by the People's Bank of China, and in contrast, interest rates go down.
the benchmark interest rate is an interest rate with universal reference function in the financial market, and other interest rates or financial asset prices can be determined according to this benchmark interest rate level.
The benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the condition of interest rate marketization, a universally recognized benchmark interest rate level is objectively required for financiers to measure financing costs, investors to calculate investment returns, and management's macroeconomic regulation and control. Therefore, in a sense, the benchmark interest rate is the core of the formation of interest rate marketization mechanism. What is the interest rate after the benchmark interest rate of 4.9 rises by 1%?
after floating, it is 4.9%*(1+1%)=5.39%.
the benchmark interest rate is an interest rate with universal reference function in the financial market, and other interest rates or financial asset prices can be determined according to this benchmark interest rate level. Benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the condition of interest rate marketization, financiers measure financing costs, investors calculate investment returns, and management's macroeconomic regulation and control all require a universally recognized benchmark interest rate level for reference. Therefore, in a sense, the benchmark interest rate is the core of the formation of interest rate marketization mechanism.
in China, the deposit and loan interest rate stipulated by the people's bank of China for national specialized banks and other financial institutions is the benchmark interest rate. Specifically, ordinary people regard the bank's one-year fixed deposit interest rate as the market benchmark interest rate index, while banks regard the overnight lending rate as the market benchmark interest rate.
Extended information:
The benchmark interest rate must have the following basic characteristics:
(1) Marketization. It is obvious that the benchmark interest rate must be determined by the relationship between market supply and demand, and it not only reflects the actual market supply and demand situation, but also reflects the market's expectations for the future;
(2) basic. The benchmark interest rate is in a fundamental position in the interest rate system and the price system of financial products, and it has a strong correlation with the interest rates of other financial markets or the prices of financial assets.
(3) transitivity. The market signal reflected by the benchmark interest rate, or the regulatory signal sent by the central bank through the benchmark interest rate, can be effectively transmitted to other financial markets and financial product prices.
China's benchmark interest rate-the national debt interest rate (specifically, the yield of the national debt secondary market) is the most suitable as the benchmark interest rate.
from the general international experience, only the interest rate of financial products with reasonable structure, high reputation and strong liquidity can be used as the benchmark interest rate. Among several interest rates that have been marketized in China, the national debt interest rate (specifically, the yield of the national debt secondary market) is the most suitable as the benchmark interest rate.
first, the national debt has the highest reputation. National debt is a debt issued by the central government with its tax right as a guarantee. As long as there is no political crisis, national debt is almost risk-free. Therefore, national debt has the highest reputation and the lowest risk among all financial products, and is known as "Phnom Penh bond". No matter in investment practice or theoretical analysis, we should choose the risk-free interest rate, and the non-national debt interest rate is none other than it.
second, the national debt market is the best combination of China's fiscal policy and monetary policy. The national debt entering the circulation market has become a financial product across the capital market and the money market, which has a strong correlation with various financial products. Therefore, choosing the national debt interest rate as the benchmark interest rate to meet the basic requirements of the benchmark interest rate can effectively transmit market signals and regulatory signals.
Third, the continuous expansion of the issuance scale of national debt, the marketization of issuance methods and the diversification of the term and variety structure of national debt have made breakthroughs in both quality and quantity; At the same time, with the formation of the inter-bank bond market, the transaction scale of the secondary market of national debt is also expanding, and the liquidity of national debt is obviously enhanced. With the development of the national debt market, the market influence of the national debt interest rate is constantly rising. The yield of the secondary market of national debt will be considered in the bidding of financial institutions in the national debt issuance market and the investment decision of ordinary investors. The interest rate of national debt has naturally played the role of benchmark interest rate.