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The Marketization of Interest Rate and the Countermeasures of China’s State-owned Commercial Banks
The Connotation of Interest Rate Marketization
The Marketization of Interest Rate, what is called, the changing process of the decisive mechanism of interest rate that the supply and demand of the fund determine the level of interest rate independently in the financial market. Specifically speaking, the Marketization of Interest Rate indicates that central bank needs to adjust the standard interest rate according to the currency policy while the commercial banks adjust independently the in
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