The Research Of Factors Influenced Interest Rate

Since a long period of time, China was in a condition of non-proportionate mechanism of interest rate. With the development of Chinese financial condition, the level of the economic system with many years reforming is continuously improving. Obviously, this kind of mechanism of interest rate does not suit the situation excessively.Globalization and the whole world financial market require our financial system getting rid of traditional intervene of the government urgently. It is necessary to improve efficiency of financial industry on basis of marketing mechanism, We are close to the marketablization of interest rate. At the moment, however, we are in a condition of immature market economy, it has a imperfect financial system and macroscopic economic situations, especially lots of state-owned enterprises' deficit^ some other enterprises' hard operation owning to the commodity market weak and market order is not standard yet. These make our interest rate marketablization proceed step by step on basis of reality.This thesis is intend to discuss the rate of interest reform from the respect as to the connected level among the interest rate and all kinds of targets of national economy. We begin our question with the theories of interest rate's decision. Having completed the task of reviewing, the writer synthetically integrates the reality and the theories, and extracts nineteen economic factors. In the research, the writer use social statistical approaches analyze the connected degree of the factors and the interest rate. The emphasis of the analysis is the relation of these several facts under our practical situations and raises a reference for the later reform. Among the major approaches adopted in the research, there are Hierarchical Cluster, Factor Analysis and Regression.The writer comes to the conclusion that we should carry out reform the management system and construction of interest rate step by step. And these must be on the basis of driving the development of money market ahead, stimulating the forming of interest rate's signal and developing outside situations.