英国利率市场化回顾及其对金融业改革的影响

利率市场化是指金融机构在货币市场经营融资的利率由市场供求来决定。它包括利率决定、利率传导、利率结构和利率管理的市场化。文章介绍了英国利率市场化改革的背景、实施过程及其对英国经济金融运行与货币政策调控产生的积极影响。指出利率市场化改革后，英国的宏观经济环境趋于稳定，社会融资结构逐渐向直接融资为主转变；利率市场化为其后旨在提高英国金融业竞争力的金融市场改革铺平了道路。

Review of UK interest rate marketization and its imnact on the British financial reform

Interest rate marketization means the interest rates for financial institutions to finance in the money market are determined by market demand and supply. It includes the marketization of the interest rate determination, transmission, structure and management. This article introduces the background and implementation of the market-oriented reform of interest rates in the UK and its positive impacts on the economy and finance and monetary policy control in the UK. It states that after the market-oriented reform of interest rates, the macro- economic environment in the UK became stable, the structure of social financing was gradually moving towards direct financing, and the marketization of interest rates had paved the way for the financial market reform that aimed to improve the competitiveness of UK financial industry.