The Rediscount Rate Restricts And Affects The Interest Rate Level Of The Whole Country.

1., as one of the three traditional policies of central bank to restrain money supply, it is easier to operate than statutory reserve rate and open market business. The rate of fluctuation caused by rediscount rate is far lower than that of statutory reserve rate. Therefore, central banks in general often adjust the rediscount rate to control money supply.

2. as a country's benchmark interest rate, the rediscount rate restricts and affects the interest rate level of the whole country. Its change determines or affects the change of other interest rates, which is the basis for other interest rates to adjust or change. The reason why commercial banks want to make rediscount is generally due to the shortage of funds in commercial banks.

The rediscount rate is low, commercial banks get lower capital costs and lower market interest rates; conversely, the central bank's capital supply is tight and market interest rates may rise. In commercial banks, the proportion of bills discounting is very large, and the more developed countries are, the more.

3. as the capital cost of commercial banks Reference standard The central bank's rediscount rate is Interest rate system One of the lowest lending rates in China. The rediscount rate stipulated by the central bank is about the financing direction of commercial banks. In fact, it has become one of the criteria for measuring the capital cost of commercial banks.

If a country is in recession or for other reasons, it needs to expand. Money supply At the same time, the central bank encouraged the commercial banks to increase their borrowing from the central bank by reducing the rediscount rate, thereby increasing the scale of loans and increasing the money supply.

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financial budget

(1) content: three major accounting statements

(2) practices: Based on business budgets (sales, costs, expenses, fixed assets, funds, etc.) and financial assumptions.

(3) steps: first profit and loss, then asset liability, after cash flow.

(4) method: finance assumes only assumptions, not forecasts.

1) forecast sales volume, sell varieties and quantities;

2) introduce related production costs according to the variety and quantity of sales.

3) selling expenses according to the proportion of sales and previous years;

4) calculate the amount of administrative expenses according to historical conditions.

5) compiling a profit forecast table based on the above data;

6) based on the profit statement and historical data, the corresponding balance sheet items (e.g. stock turnover, receivables turnover, current ratio, quick ratio) are calculated.

7) revise the above statements according to the management intention of the company or boss this year.

2. data collection. Before preparing the financial budget, collect and compile budgetary information. We should fully collect the internal and external historical data of the enterprise, grasp the relevant information about the current business and financial situation, and the future development trend, and use the method of time series analysis and ratio analysis to analyze and analyze the extent and operation efficiency of various assets operation, judge the economic and economic indicators and the trend of the increase and decrease of data and their dependence on each other, and calculate the possible budgetary value.

3. summarize the business budget. The various business budgets compiled by various departments, such as sales budgets, production budgets, cost budgets, materials, purchases of low value and consumable items, direct labor budgets, etc., are important basis for making financial budgets. Before compiling the financial budget, the data and economic indicators of the various business budgets should be collated, analyzed, and identified as the relevant budgets of the various financial statements.

4. the preparation of financial budgets. To prepare financial budgets, the sales revenue of sales budget is taken as the starting point and the balance of cash flows as the starting point. Finally, the operating results and financial status of enterprises are comprehensively reflected through the budget profit and loss statement and the balance sheet. A series of reports and data of the financial budget are closely linked, interrelated and complemented each other, forming a complete system.