On the other hand,financial institutions are expected to continue efforts to reprice lending rates to more accurately reflect the risks associated with each borrower.
お金貸すかもしれない会社はあなたの信用歴史をであるあなたの貸出金利の主要な規準ランク付けする。
The company that may lend you the money will rank yourcredit history is the main criteria of your loan rate.
また、信用リスクに応じた貸出金利のきめ細かい設定も、引き続き重要な課題です。
Moreover, the finely-tuned setting of lending interest rates according to credit risks continues to be an important challenge.
金融緩和の効果は、貸出金利など、企業の資金調達コストにも及んでいます。
The effects of monetary easing have spread to firms' funding costs,including the borrowing rates from banks.
一方で、預金金利も低下しましたが、その低下幅は貸出金利に比べて小さいものでした。
At the same time, deposit rates also declined,but to a smaller extent compared to the decline in lending rates.
During this period,JGB yields substantially declined across the entire yield curve, and lending rates as well as issuance rates for CP and corporate bonds fell to new record lows Chart 7.
In the meantime, bank loan rates and issuing rates on corporate bonds, including long-term credits and credits to firms with relatively low credit ratings, have been declining extensively, and the accommodative funding environments has been maintained.
Under the circumstances, not only JGB yields,but also lending rates for firms as well as issuance rates for corporate bonds have remained at extremely low levels, and the amount outstanding of bank lending has been increasing.
By conducting this operation, short- and long-term interest rates in financial marketshave been stable at low levels and lending rates for firms as well as issuance rates for corporate bonds also have remained at extremely low levels.
In the future, this may prompt an increasing number of financial institutions to take such actions as restraining loans to borrowers with potentially high credit costs andraising interest rates on loans to firms with poor access to finance.
The interbank lending rate(the so-called Libor rate) should no longer be set by a closed committee of private bankers meeting daily at the British Bankers' Association.
CP issuance rates, which surged through the end of last year, have declined since the turn of the year,and banks' lending rates have also declined slightly, partly reflecting reductions in short-term prime lending rates..
In line with the decline in JGB yields, which are the base interest rates, firms' funding costs-- namely,bank lending rates and issuance rates for CP and corporate bonds-- have declined firmly.
More specifically, they are revising their screening systems to assess more rigorously the creditworthiness of borrowers.They are also establishing lending rate structures that adequately reflect creditworthiness.
Such models often have only one interest rate controlled directly by the central bank,or they implicitly assume that the lending rate is independent of the deposit rate..
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