The Interest Rate Liberalization Of Economic Law

Interest rate liberalization reform is the inevitable trend in the development situation of current economic, the promotion of interest rate liberalization is not only in order to make the financial system perfect, it’s also to make the market system of China become more perfect. The interest rate liberalization is beneficial to develop the leverage of interest rate; it’s also advantageous to optimize the allocation of funds. According to our country’s economic development situation, the interest rate liberalization in our country is a process step by step, the interest rate liberalization in our country should follow the route:at first to reform the foreign currency, second to the local currency; the loans first, the deposits second; After long-term and large, then short-term and small.In July2013, the people’s bank of China issued a notice that "to further promote the reform of interest rate liberalization", decided to lift the control of the financial institutions loan rates, cancelled0.7times of the provisions of the loan interest rate lower limit, this signs that China’s reform of interest rate liberalization has achieved the target that comprehensive open the loan interest rate. Although the interest rate liberalization is steady and gradual advance, the process of interest rate liberalization still can bring some problem that interest rate volatility, behavior short period, possible adverse effects on the economy. In order to avoid the occurrence of these adverse effects, we need to provide a stable economic environment for the liberalization of interest rate, but the formation of a stable economic environment need state intervention, especially the state intervention in the economic law.This article Combining with the current background of interest rate liberalization reform in our country, starting from the interest rate liberalization in our country, the first part have a briefly introduction of interest rate liberalization, clarify the meaning of interest rate liberalization, development and significance of interest rate liberalization, illustrate that promote the liberalization of interest rate in our country is inevitable; The second part introduce the thinking of the relationship between interest rate liberalization and the state intervention, and point out that the advance of interest rate liberalization promote the adjustment of state intervention, at the same time, the interest rate liberalization need state intervention to provide a stable economic environment; The third part analyzes the background from the interest rate controls continue to state intervention in the current economic development situation of the state intervention means lag, intervention boundary is not clear, etc.; The fourth aimed at the insufficiency of state intervention and puts forward the suggestion:by for state intervention to foster new market interest rates as an intervention tool, modify and update our country related laws and regulations in interest rates and interest rates related regulations to solve the problem of lag; Through explicit intervention subject, limiting the scope of the intervention within the scope of the market failure, intervention needs fully respect the market rules, protect economic freedom, consider intervention efficiency range, set constraints for power to intervene at the same time, limiting the power of the intervention in certain scope to define the reasonable boundary of state intervention. The ultimate goal of this paper is improve the system of state intervention to provide a stable economic environment for the liberalization of interest rate.