????????? ?????????

????:??90????????:??????

??????????12??????????????????18?,??,???????????,??????????????3876?,???????7?????,???????????????1.50%??????????????????,?????????????????786????????????????,??????????,????3090???

???????????

?,???,????,????????????12??????????16????????,??(MLF)?????????????,??,?????????????????????7531????????????????????,???????????????12????????????????????17?????????3554????????????????,??7?,???

????,??,??????????????????,???????????MLF??,?????,???????????,??????????????????“??”?????????

???,???,?????????????MLF????????????,???????“??”??????????????;???????????DR007(?????????????????????7????????????????)???????????????,????,????

????,??,???????????????MLF?????MLF??????????,??,????????

?,????????????,?????????,???????,?????????????????????,??????,?????,??

???????????,12????18??????????,????????Shibor(??)?????0.3??????1.428%,7?????????????1.1??1.776%,14???????????10.2?????????1.994%?

“????????,??,??????????????”????????????

??????????????

???,????????????????????????????????????????,?,???,?,?????,????????????

12???????????????????,????????????????????????????,???????????,??????,?????????????,????0.250.5???????????,????????5000????????????1????,??????????????

?????????????????????,???????,????????????????????????????MLF????????????,?????????????,??????????????????9?????????,???????,???????????????????????

“?????????????????????????,??????????,?????????????????????,????????????????,??????,?????????????????????,???”????????????

????????????,12????????????????“????????????”?????????“??”,??????????????14??,??????????????????????????????,????“?????????????????????????????”,???????????,????,????“??????”??,?????????????

??? ????? ?????????????????:????????