{"id":7247,"date":"2020-04-10T20:50:00","date_gmt":"2020-04-10T12:50:00","guid":{"rendered":"http:\/\/cn.dailyeconomic.com\/finance\/?p=7247"},"modified":"2020-04-10T20:50:00","modified_gmt":"2020-04-10T12:50:00","slug":"%e5%89%8d%e7%be%8e%e8%81%94%e5%82%a8%e5%ae%98%e5%91%98%e7%a7%b0%e7%be%8e%e8%81%94%e5%82%a8%e5%8f%af%e8%83%bd%e4%b8%8a%e8%b0%83ioer%e5%88%a9%e7%8e%87","status":"publish","type":"post","link":"https:\/\/cn.dailyeconomic.com\/finance\/2020\/04\/10\/7247.html","title":{"rendered":"\u524d\u7f8e\u8054\u50a8\u5b98\u5458\u79f0\u7f8e\u8054\u50a8\u53ef\u80fd\u4e0a\u8c03IOER\u5229\u7387"},"content":{"rendered":"

\u7f8e\u8054\u50a8\u524d\u5b98\u5458\u5bf9MNI\u8868\u793a\uff0c\u7f8e\u8054\u50a8\u53ef\u80fd\u4e0a\u8c03\u8d85\u989d\u51c6\u5907\u91d1\u4ed8\u606f\u7387(IOER)\uff0c\u4e5f\u53ef\u80fd\u4e0a\u8c03\u9006\u56de\u8d2d\u5229\u7387(RRP)\uff0c\u4ee5\u786e\u4fdd\u57fa\u51c6\u5229\u7387\u8fdc\u4f4e\u4e8e\u9996\u9009\u76ee\u6807\u533a\u95f4\uff0c\u5e76\u8865\u5145\u79f0\uff0c\u6311\u6218\u662f\u5b89\u629a\u5e02\u573a\u8fd9\u4e9b\u4e3e\u63aa\u662f\u6280\u672f\u6027\u7684\uff0c\u4e0d\u662f\u4efb\u4f55\u8fc7\u65e9\u8d27\u5e01\u6536\u7d27\u63aa\u65bd\u7684\u4e00\u90e8\u5206\u3002<\/p>\n

\u7f8e\u8054\u50a8\u901a\u8fc7\u7b2c13\u6761\u7b2c3\u6b3e\u7d27\u6025\u6d41\u52a8\u6027\u5de5\u5177\u7b49\u4e00\u7cfb\u5217\u884c\u52a8\u5411\u91d1\u878d\u4f53\u7cfb\u6ce8\u5165\u4e86\u5982\u6b64\u4e4b\u591a\u7684\u8d44\u91d1\uff0c\u4ee5\u81f3\u4e8e\u51e0\u5929\u6765\u5b9e\u9645\u8054\u90a6\u57fa\u91d1\u5229\u7387\u4e00\u76f4\u4fdd\u6301\u5728\u533a\u95f4\u4f4e\u7aef\u3002\u62c5\u4fdd\u9694\u591c\u878d\u8d44\u5229\u7387\u7b49\u5176\u4ed6\u8d27\u5e01\u5e02\u573a\u5229\u7387\u6700\u8fd1\u7ed3\u7b97\u4e8e0.01%\u3002<\/p>\n

\u7f8e\u8054\u50a8\u524d\u8d44\u6df1\u7279\u522b\u987e\u95ee\u3001\u8036\u9c81\u5927\u5b66\u7ba1\u7406\u5b66\u9662\u73b0\u4efb\u6559\u6388\u82f1\u683c\u5229\u5e0c(William English)\u8868\u793a\uff0c\u8003\u8651\u5230\u7f8e\u8054\u50a8\u884c\u52a8\u5bfc\u81f4\u51c6\u5907\u91d1\u4f9b\u5e94\u589e\u52a0\uff0c\u8fd9\u4e9b\u5229\u7387\u53d8\u5316\u5728\u610f\u6599\u4e4b\u4e2d\u3002<\/p>\n

\u4ed6\u8868\u793a\uff0c\u201c\u4e0a\u8c03IOER\u4ee5\u62b5\u9500\u51c6\u5907\u91d1\u589e\u52a0\u662f\u81ea\u7136\u800c\u7136\u4e4b\u4e8b\uff0c\u5c31\u50cf\u4ed6\u4eec\u4e0b\u8c03IOER\u4ee5\u5e94\u5bf9\u51c6\u5907\u91d1\u4e0b\u964d\u7684\u5f71\u54cd\u4e00\u6837\u3002\u201d<\/p>\n

\u524d\u8d22\u653f\u90e8\u5b98\u5458\u5e2d\u8328(Nathan Sheets)\u540c\u610f\u8fd9\u79cd\u770b\u6cd5\u3002\u5e2d\u8328\u5728\u7f8e\u8054\u50a8\u5de5\u4f5c\u4e8618\u5e74\u4e4b\u4e45\u3002<\/p>\n

\u5e2d\u8328\u8868\u793a\uff0c\u201c\u6709\u53ef\u80fd\u5c06\u9006\u56de\u8d2d\u548cIOER\u5229\u7387\u5206\u522b\u8c03\u6574\u81f30.05%\u548c0.2%\uff0c\u8fd9\u6837\u5c31\u6709\u4e86\u4e00\u4e2a15\u4e2a\u57fa\u70b9\u7684\u533a\u95f4\uff0c\u800c(\u5b9e\u9645\u8054\u90a6\u57fa\u91d1\u5229\u7387)\u5c31\u5728\u4e2d\u90e8\u9644\u8fd1\u3002\u201d<\/p>\n

IOER\u548c\u9006\u56de\u8d2d\u5229\u7387\u76ee\u524d\u5206\u522b\u4e3a0.10%\u548c0\u3002\u81ea3\u670815\u65e5\u7f8e\u8054\u50a8\u5c06\u8054\u90a6\u57fa\u91d1\u5229\u7387\u4e0b\u8c03100\u4e2a\u57fa\u70b9\u81f30-0.25%\u7684\u76ee\u6807\u533a\u95f4\u4ee5\u6765\uff0c\u5b9e\u9645\u8054\u90a6\u57fa\u91d1\u5229\u7387\u8fc7\u53bb\u4e09\u5468\u5df2\u4ece0.25%\u4e0b\u8dcc\u81f30.05%\u3002<\/p>\n

\u5e2d\u8328\u79f0\uff0c\u5229\u7387\u4e0a\u8c03\u65f6\u673a\u4ecd\u4e0d\u786e\u5b9a\uff0c\u4f46\u6700\u8fdf\u53ef\u80fd\u57284\u670828-29\u65e5\u53ec\u5f00\u7684\u4e0b\u4e00\u6b21\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a(FOMC)\u4f1a\u8bae\u4e4b\u524d\u3002<\/p>\n

— \u6c9f\u901a<\/p>\n

\u7136\u800c\uff0c\u5c3d\u7ba1\u8c03\u6574\u8fd9\u4e9b\u5229\u7387\u5bf9\u7f8e\u8054\u50a8\u8d27\u5e01\u653f\u7b56\u5982\u4f55\u5f71\u54cd\u5b9e\u4f53\u7ecf\u6d4e\u4e0d\u4f1a\u4ea7\u751f\u4efb\u4f55\u91cd\u5927\u5f71\u54cd\uff0c\u4f46\u7f8e\u8054\u50a8\u5e0c\u671b\u907f\u514d\u5916\u754c\u8ba4\u4e3a\u5b83\u5728\u5b9e\u73b02%\u901a\u80c0\u548c\u6700\u5927\u5c31\u4e1a\u7684\u53cc\u91cd\u4f7f\u547d\u524d\u5728\u6536\u7d27\u653f\u7b56\u3002<\/p>\n

\u82f1\u683c\u5229\u5e0c\u8868\u793a\uff0c\u201c\u4ed6\u4eec\u53ef\u80fd\u4e0d\u559c\u6b22\u8fd9\u6837\u7684\u4fe1\u53f7\uff0c\u6240\u4ee5\u4ed6\u4eec\u53ef\u80fd\u4f1a\u6682\u505c\u4e00\u6bb5\u65f6\u95f4\uff0c\u8ba9\u5b9e\u9645\u8054\u90a6\u57fa\u91d1\u5229\u7387\u63a5\u8fd1\u5176\u4ea4\u6613\u533a\u95f4\u7684\u5e95\u90e8\u3002\u201d\u201c\u7136\u800c\uff0c\u4ed6\u4eec\u6700\u7ec8\u5c06\u4e0d\u5f97\u4e0d\u63d0\u9ad8\u5229\u7387\uff0c\u5426\u5219\u57fa\u91d1\u5229\u7387\u5c06\u57fa\u672c\u4e0a\u964d\u81f3\u96f6\uff0c\u800c\u5e02\u573a\u5229\u7387\u53ef\u80fd\u53d8\u4e3a\u8d1f\u503c\u3002\u4ed6\u4eec\u66fe\u8bf4\u8fc7\u4ed6\u4eec\u4e0d\u5e0c\u671b\u8fd9\u6837\u3002\u201d<\/p>\n

\u5468\u4e09\u516c\u5e03\u7684\u7f8e\u8054\u50a8\u4f1a\u8bae\u7eaa\u8981\u8865\u5145\u79f0\uff0c\u201c\u4e00\u4e9b\u4e0e\u4f1a\u8005\u201d\u8868\u793a\uff0c\u4ed6\u4eec\u4e0d\u5e0c\u671b\u7f8e\u8054\u50a8\u7684\u96f6\u5229\u7387\u52a9\u957f\u6295\u8d44\u8005\u5bf9\u8d1f\u653f\u7b56\u5229\u7387\u7684\u9884\u671f\u3002<\/p>\n

\u5e2d\u8328\u8868\u793a\uff0c\u6b64\u7c7bIOER\u548c\u9006\u56de\u8d2d\u5229\u7387\u8c03\u6574\u53ef\u80fd\u88ab\u63cf\u8ff0\u4e3a\u6280\u672f\u6027\u7684\uff0c\u800c\u91cd\u70b9\u5c06\u653e\u5728\u5c06\u8054\u90a6\u57fa\u91d1\u5229\u7387\u4fdd\u6301\u5728\u9996\u9009\u76ee\u6807\u533a\u95f4\u5185\u3002<\/p>\n

\u5e2d\u8328\u8865\u5145\u79f0\uff0c\u201c\u6211\u4eec\u62e5\u6709\u5e9e\u5927\u7684\u8d27\u5e01\u5e02\u573a\u5171\u540c\u57fa\u91d1\u884c\u4e1a\uff0c\u4e14\u8fd9\u4e9b\u5e02\u573a\u975e\u5e38\u6d3b\u8dc3\u3002\u4f46\u8d1f\u5229\u7387\u4f1a\u8ba9\u4f7f\u4e4b\u66f4\u52a0\u56f0\u96be\u3002\u201d<\/p>\n

— \u63a7\u5236<\/p>\n

2008\u5e7410\u6708\u9996\u6b21\u63a8\u51fa\u65f6\uff0cIOER\u610f\u5728\u5b9e\u65bd\u8054\u90a6\u57fa\u91d1\u5229\u7387\u533a\u95f4\u7684\u4e0a\u9650\uff0c\u800c\u9006\u56de\u8d2d\u5229\u7387\u610f\u5728\u652f\u6491\u5e95\u90e8\u3002\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\uff0c\u7f8e\u8054\u50a8\u4e0d\u5f97\u4e0d\u4e0d\u65f6\u8c03\u6574\u5176\u8bbe\u7f6e\u3002<\/p>\n

\u201c\u4ed6\u4eec\u63a8\u51faIOER\uff0c\u5b9e\u9645\u8054\u90a6\u57fa\u91d1\u5229\u7387\u8fc5\u901f\u8dcc\u7834IOER\u5229\u7387\uff0c\u800c\u4e14\u4ed6\u4eec\u5f88\u5feb\u610f\u8bc6\u5230\uff0c\u6709\u4e00\u4e9b\u653f\u5e9c\u652f\u6301\u4f01\u4e1a(GSE)\u548c\u623f\u8d37\u94f6\u884c\u65e0\u6cd5\u83b7\u5f97\u51c6\u5907\u91d1\u5229\u606f\uff0c\u6240\u4ee5\u4ed6\u4eec\u613f\u610f\u4ee5\u4f4e\u4e8eIOER\u7684\u5229\u7387\u653e\u8d37\u3002\u8fd9\u5c31\u662f\u9006\u56de\u8d2d\u5de5\u5177\u7684\u8d77\u6e90\u3002\u201d<\/p>\n

\u524d\u7f8e\u8054\u50a8\u7406\u4e8b\u6770\u91cc\u7c73?\u65af\u5766(Jeremy Stein)\u8868\u793a\uff0c\u4ed6\u9884\u8ba1\u8054\u90a6\u57fa\u91d1\u5229\u7387\u5c06\u7ee7\u7eed\u7a33\u5b9a\u5728IOER\u4e0b\u65b9\u3002\u201c\u673a\u68b0\u5730\u8bf4\uff0c\u968f\u7740\u7f8e\u8054\u50a8\u8ba1\u5212\u5b9e\u65bd\uff0c\u51c6\u5907\u91d1\u6c34\u5e73\u53ef\u80fd\u4f1a\u7ee7\u7eed\u4e0a\u5347\uff0c\u8fd9\u5c06\u4f7f\u5b9e\u9645\u8054\u90a6\u57fa\u91d1\u5229\u7387\u76f8\u5bf9\u4e8eIOER\u4fdd\u6301\u5728\u8f83\u4f4e\u6c34\u5e73\u3002\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

\u7f8e\u8054\u50a8\u524d\u5b98\u5458\u5bf9MNI\u8868\u793a\uff0c\u7f8e\u8054\u50a8\u53ef\u80fd\u4e0a\u8c03\u8d85\u989d\u51c6\u5907\u91d1\u4ed8\u606f\u7387(IOER)\uff0c […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7247","post","type-post","status-publish","format-standard","category-news"],"_links":{"self":[{"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/posts\/7247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/comments?post=7247"}],"version-history":[{"count":1,"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/posts\/7247\/revisions"}],"predecessor-version":[{"id":7248,"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/posts\/7247\/revisions\/7248"}],"wp:attachment":[{"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/media?parent=7247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/categories?post=7247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cn.dailyeconomic.com\/finance\/wp-json\/wp\/v2\/tags?post=7247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}