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The public interest and policy interest rates are both related to the central bank, but the meaning is not the same.
The Japanese Bank used to be a reference interest rate when the Japanese Bank is to be a financial institution. Currently, it is described as "standard lending interest rate" in the position of the application interest rate of the supplemental loan system.
On the other hand, the policy interest rate is the central interest rate that the central bank acts on the market interest to adjust the economic and price.
The first thing to see in investment news is the direction of policy interest rather than the publicization.
First Con まず
If you say the difference in one word, it is:
Prog ive Prog = interest rate when the central bank lends to the bank
Policy interest rate = Interest that central banks value to adjust economic and priceComparing makes it easier to understand the differences in the role.
| 項目 | Contact Us | PolicyInterest |
|---|---|---|
| Main Features | Standard interest rate when the central bank lends to financial institutions | Core indicators for in market interest in financial policy |
| 対象 | Banks and other financial institutions | Total financial markets |
| 昔の重要度 | High | Click here |
| Current View | Relating to the complementary loan system as a base lending interest rate | Focused on interest and interest reduction decisions |
First,
Public pursuant to banks and policy interest rates for the entire market
It is easy to organize when you remember.
What is a public meeting?
Public purification is a term used as a reference interest rate when central banks lend funds to private banks, etc.
In the past, the bank's deposit interest rate and lending interest rate were easy to link with the official pedal.
For that reason, when the public orientation rises,
- Bank funding costs increase
- Companies and individuals are less likely to borrow money
- Easy to work in the direction of cooling the scene
There was an effect.
On the other hand, the bank makes it easier to borrow funds, making it easier to lend and invest.
However, in today’s Japan, the term “public oriented” is not the center of financial policy.
The Bank of Japan is now referred to as the "standard lending interest rate" and is positioned as the application interest rate of the completion lending system.
What is policy interest rate?
The policy interest rate is an important interest rate for financial policies used by the Central Bank to regulate the price and economy.
Inc ing interest rate increases the cost of borrowing money. Therefore, the consumption and investment are suppressed, and the inflation work in the direction.
The cost of borrowing money is lower when lowering the interest rate. Therefore, we work in the direction of supporting consumption and investment.
| Policy | Main purpose | Easy to get up |
|---|---|---|
| 利上げ | Inflation suppression, overheat adjustment | It is easy to become a reverse wind and a circle high factor for stock |
| 利下げ | Supporting economic and funding | It is easy to catch up with the stock and become a yen low factor |
In Japan, the financial market adjustment policy indicated by the financial policy decision meeting and the induction level of unsec。 call rates (overnight) are important.
Why confusing?
Even though the public interest rate and policy interest rate are conf, since long ago the public interest was a typical interest rate of financial policy.
News
- Reinforcement
- Reduced the 歩
It was often used.
However, when the interest rate liberalization progressed, and the interest rate becomes easier to determine on the market, direct linkage such as public strength and deposit interest rate was thinner.
Now, it is more important to see how the central bank will guide the market interest and move forward to interest and interest.
つまり、
Old: Watching the public meeting
Now: View policy interest rates and market interest ratesChanges are occurring.
Which investors should look for?
It is a policy interest rate that investors should take priority.
This is because the direction of policy interest is widely influenced by stocks, bonds and exchanges.
Shares
In terms of interest rate, the company's borrowing cost is increasing, and the stock price is likely to be reversed. On the other hand, in the interest lowering section, financing becomes easier, and it is easy to catch up with the stock.
Bonds
When the interest rate rises, the price of existing bonds becomes easier to fall. If the interest rate falls on the other hand, the price of the existing bond becomes easier.
Interest rate rise → Bond price drop
Interest drop → Bond price rise為替
The currency of the country with high interest rate is relatively easy to buy.
When Japanese policy interest rate rises, there is a scene where the yen becomes easier to buy. However, the exchange rate depends on the economy, trade balance, foreign interest rate, and geopoli、 risk.
3 points that beginners should know
1.の中心dance is the center indicator of the past
The public interest was once a typical interest rate in the basic policy.
However, it is not the first indicator in investment news.
2. Current policy interest rate is important
In the current market, it is important whether or not the central bank will interest.
Shares, bonds, and exchanges move forward in policy interest.
3. "Next direction" is added from the term
In investment, rather than memorizing the name of interest rate,
- What is the future?
- What is the future?
- What does the Central Bank be wary?
It is important to see.
The term is used as a reference interest rate when the central bank is 歩 to financial institutions.
The policy interest rate is the central interest rate that the central bank acts on the market interest to adjust the economic and price.
When you organize the difference easily,
Standards for loans for banks
Policy interest rate: the center of financial policies that move the entire marketHome
In the current investment news, if you look at the direction of the policy interest rather than the public interest, it will be easier to understand the movement of stocks, bonds and exchanges.
■ Concept
Conveying the differences between the past and the current policy interest rate
■ Text
- Main: "Public Interest and Policy Interest"
- Sub: "The difference is here"
■ Color scheme
- Navy × White × Yellow
- Focus on the sense of trust in financial education and the ease of comparison
■ Configuration
- Left: Bank icon and "public walk"
- Central: Arrow spline
- Right: Market Chart and Policy Interest