Raising interest rates can also be used as an indirect means to increase the value (exchange rate) of domestic or local currencies against other currencies. 1992 September 16, the Bank of England raised the interest rate of British pound twice in one day, which is a typical example of raising interest rates in modern financial history. In China, raising interest rates is also one of the auxiliary means of national macro-control. The central bank raised interest rates three times in 20 1 1 year to cope with high inflation.
Extended data:
Record of interest rate increase in recent years:
1, 2011The benchmark interest rate of RMB deposits and loans of financial institutions will be raised from July 7. The benchmark interest rates for one-year deposits and loans of financial institutions were raised by 0.25 percentage points respectively, and the benchmark interest rates for deposits and loans of other grades and the interest rates for personal housing provident fund loans were adjusted accordingly.
From April 6, 2011,the benchmark interest rate of RMB deposits and loans of financial institutions will be raised. The benchmark interest rates for one-year deposits and loans of financial institutions were raised by 0.25 percentage points respectively.
From February 9, 3.20 1 1, the benchmark interest rate of RMB deposits and loans of financial institutions will be raised. The benchmark interest rates for one-year deposits and loans of financial institutions were raised by 0.25 percentage points respectively.
4.20 10 The benchmark interest rate of RMB deposits and loans of financial institutions will be raised from February 26th. The benchmark interest rates for one-year deposits and loans of financial institutions were raised by 0.25 percentage points respectively, and the benchmark interest rates for other grades of deposits and loans were adjusted accordingly.
The data shows that the funds due in the open market in June 5438+ 10 were 377 billion yuan, and the amount of funds due in the open market this week was148 billion yuan, while the funds due in the open market in the first week of June were 5438+039 billion yuan. Before 12 weeks, the central bank invested more than 500 billion yuan in the open market.
"At present, the central bank's open market operation is not focused on withdrawing money, but on maintaining the stability of funds," Hong Xu said. "At present, the market has entered the observation period. The CPI (consumer price) in September will not drop particularly fast, but there should be an overall decline in the fourth quarter. 10 is unlikely to raise interest rates and raise the reserve ratio. "
Experts pointed out that the resumption of the three-year central bank bill means that there is little probability that monetary policy will continue to be tight, and the expectation of raising interest rates will also be significantly weakened, and monetary policy will continue to maintain a stable status quo.