The Analysis On The Economic Effects Of Our Country's Rate Adjustment

As China's market economy development and improvement continuously, the interest rate has become one of monetary policy to adjust our country's economic development. As the special commodity prices of funds, interest rates not only to regulate capital flows in our country, but also is an important bond contact the monetary market and the physical market, which is playing an increasingly important role in the course of economic development.Adjust interest rates could affect many variables of the economies, and then promote or inhibit a country's economic development, consided the important of interest adjust, there have a lot of economists and academics have researched the interest rate and it's effect. Although the Institute received about the specific role of interest rate policy is different, but generally agreed that interest rates are an important policy options for any of a country to develop their economy. In our country, there are a lot of scholars have conducted research about the economic effects of interest rate adjustments, taking into account the different scholars select different periods to research, so its conclusions have a greater difference, as well as very few people currently focus on interest rates' economic effects since the beginning of interest rates reform to now. In this paper, from economic growth, the actual investment situation, people's consumption and savings analysis of four aspects to analysis the economic effects of interest rate adjustments of 1996 to 2008 years, in order to provide the appropriate suggestion for the future about interest rate policy based on theory and experience.In order to solve the above problem, this article at the basis of theory, primarily by empirical and quantitative methods analyzed economic effects of interest rates adjustment since the beginning of interest rates reform to now. As can be seen from the results of the analysis, the role of interest rate policy has not brought into full play. Then, the article analyzed the reason about why the interest rate policy not full plays its effect, and on this basis the article offers the corresponding response. Finally, the article based on the analysis of the economic situation of 2009 year expected the interest rates' adjustment, that is, the basic interest rate will remain relatively low level in the current financial crisis on our country in order to deal with the negative impact of the economy.