利率下限

2004年至2008年间，中国央行取得了一些进展，取消了贷款利率上限与存款利率下限，同时鼓励向监管不那么严格的货币市场引进新的机构，推出新的工具。

Between 2004 and 2008 , the PBoC made some progress , scrapping ceilings on lending and floors on deposits , while encouraging new entrants and new instruments in less highly-regulated money markets .

其中，近期目标是取消贷款利率下限，建立健全金融机构自主定价机制。

Among them , the short-term goal is canceling the lower limit of the lending rate and establishing an independent pricing mechanism .

被迫退回到零利率下限的央行公信力不会太好，如果它发布前瞻性指引的话。

A central bank forced back to the zero lower bound is not likely to have great credibility if it engages in forward guidance .

政策放松的空间相当大（如降低存款准备金率、信贷支持、放松贷款利率下限和财政支出）。

The potential to loosen is significant ( e.g. , RRR cuts , credit support , lending rate floor relaxation , and fiscal spending ) .

然后从理论角度对非常规货币政策做了分析，阐述了零利率下限下非常规货币政策的理论选择、政策目标和传导机制。

From a theoretical point of view , the paper expounded the choice of unconventional monetary policy under the zero lower bound and policy objectives and the transmission mechanism .

中国人民银行发表声明表示，取消金融机构贷款利率下限，由金融机构根据商业原则自主确定贷款利率水平。

A People 's Bank of China statement says the floor limit for lending interest rates will be canceled and the financial institutions can decide their own rates following commercial principles .

2013年中国央行取消银行贷款利率下限后，存款利率上限就成了仅剩的一个仍由政府指令设定的利率。

The deposit-rate ceiling is the one remaining interest rate still set by government fiat , after the People 's Bank of China removed the floor on bank lending rates in 2013 .

设定利率上下限的抵押贷款

Cap and collar mortgage

更糟糕的是，我认为，过去6个月，由于在利率触及下限之际实施紧缩对于增长的影响，偿付能力前景已经恶化。

Even worse , I believe the outlook for solvency has deteriorated over the past six months due to the effects of austerity on growth at a time when interest rates have hit their lower limit .

商业银行应当按照中国人民银行规定的存款利率的上下限，确定存款利率，并予以公告。

A commercial bank should decide its own interest rates and announce them in accordance with the upper and lower limits for deposit interest set by the people 's Bank of china .

随着我国利率市场化的稳步推进，虽然中央银行对利率的管制有所放松，然而贷款利率下限以及存款利率上限仍受限制，利率市场并未完全自由化。

In the steady process of Chinese market-oriented interest rate progress , although thecentral bank eases the interest regulation , interest rates are still under the control of thecentral bank . Interest rate market is not completely liberalization .

利率市场化改革目前正进入最后的攻坚阶段，目前，除了存款利率的上限和个人存款利率的下限没有放开外，其他均已完全放开。

The interest rate marketization reform has now entered phase of assault fortified positions , at present , in addition to lower the deposit interest rate upper limit and personal savings rate has not been released , the other has opening .

他表示，提升超额准备金利率应该在短期利率正常化过程中起到核心作用，而隔夜逆回购机制则有可能用来为货币市场利率设置下限。

He said raising interest rates for excess reserves should play a central role in normalising short-term interest rates , while an overnight reverse repo facility could be useful in setting a floor for money market rates .