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发表于 2010-1-26 03:43 PM
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About this news, 我的理解，Fed fun rate是银行从Fed借钱，然后pay给Fed的利息。而这个新rate是银行存钱在Fed，Fed付给银行的利息。实际的作用等同于negative Fed fund rate。因为Fed fun rate现在已经是0，而且不可能为负。所以在维持Fed fund rate = 0的情况下，可以降低新rate，等于投放更多流动性进入市场。
Fed Weighs Interest on Reserves as New Benchmark Rate (Update1)
By Scott Lanman
Jan. 26 (Bloomberg) -- Federal Reserve policy makers are considering adopting a new benchmark interest rate to replace the one they’ve used for the last two decades.
The central bank has been unable to control the federal funds rate since the September 2008 bankruptcy of Lehman Brothers Holdings Inc., when it began flooding financial markets with $1 trillion to prevent the economy from collapsing. Officials, who start a two-day meeting today, have said they may replace or supplement the fed funds rate with interest paid on excess bank reserves.
“One option you might want to consider is that our policy rate is the interest rate on excess reserves and we let the fed funds rate trade with some spread to that,” Richmond Fed President Jeffrey Lacker told reporters on Jan. 8 in Linthicum, Maryland. |
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狗仔卡
发表于 2010-1-26 03:47 PM
