论农村资金市场发展中的利率改革

由于中国长期以来形成的农村利率抑制状况，使得利率不能发挥其对农村资金市场的调节功能，致使农村资金市场发育不良，融资效率不高．解决这一难题的关键之举乃是实行利率自由化改革．即政府放松对利率的管制，以使农村资金市场上的利率更多地由市场资金的供求决定．最终形成市场化利率，并通过中央银行的调控活动来调节和引导市场利率，充分发挥利率对农村资金市场的调节作用．

REFORM OF INTEREST RATE IN RURAL FUND MARKET

The restrained Chinese rural interest rate can't bring adjustment function to rural capital market into play, and has resulted in a poor development of rural capital market and inefficient financing.The key to the problem is to put the reformation of the freedom of interest rate into practice. In other words, in order that the interest rate of rural capital market should be determined by the supply of capital. the government should relax interest rate control. And the central bank regulates and adjusts the market interest rate with control levers so that the adjustment function of interest rate should come into a full play in rural capital market.