CF40研究院执行院长郭凯:当前解决息差收窄问题的方法是温和通胀

中国金融四十人...
30 Oct 2024

“结构性因素是引起低利率环境的必要条件,也是长期决定性因素,但不是充分条件。我国一些结构性因素叠加低通胀水平,共同导致了当前的低利率环境。理论上讲,息差是资产利率与负债利率的差值,如果二者同步下调,那么低利率环境并不必然导致息差缩窄。但由于我国名义利率存在下限,如果名义利率降无可降,息差收窄的压力就会比较明显。在此前提下,解决息差收窄问题的唯一方法就是提高名义价格水平,保持温和通胀。但目前中国尚不...

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