Ministry of Finance: Simple Calculation, 1% Interest Rate Means 1 Yuan Interest Fund May Drive 100 Yuan Loan Funds
August 13th, Vice Minister of Finance Liao Min at a press conference held by the State Council\'s National Development and Reform Commission stated that compared to direct fiscal subsidies, the tw
August 13th, Vice Minister of Finance Liao Min at a press conference held by the State Council's National Development and Reform Commission stated that compared to direct fiscal subsidies, the two interest rate policies feature coordinated efforts with financial policies, playing a guiding role for public funds, mobilizing more financial liquidity to flow into actual consumer fields, thereby stimulating consumer potential and boosting market vitality. Simple calculation shows that if an interest rate of 1% is applied, it may mean that 1 yuan of interest fund can potentially drive 100 yuan of loan funds for resident consumption or services in the consumer field.