{"id":26840,"date":"2023-12-07T03:09:49","date_gmt":"2023-12-07T03:09:49","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chinh-sach-lai-suat-am-negative-interest-rate-policy-la-gi.html"},"modified":"2023-12-22T14:41:56","modified_gmt":"2023-12-22T07:41:56","slug":"chinh-sach-lai-suat-am-negative-interest-rate-policy-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chinh-sach-lai-suat-am-negative-interest-rate-policy-la-gi.html","title":{"rendered":"Ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m (Negative Interest Rate Policy) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: news2day.co.kr<\/i><\/p>\n<\/div>\n<\/div>\n

Ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m<\/b> trong ti\u1ebfng Anh l\u00e0\u00a0Negative Interest Rate Policy<\/b>, vi\u1ebft t\u1eaft l\u00e0 NIRP.<\/b><\/p>\n

Ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m <\/i>l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u1ed9c \u0111\u00e1o \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng b\u1edfi c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, theo \u0111\u00f3 l\u00e3i su\u1ea5t m\u1ee5c ti\u00eau danh ngh\u0129a \u0111\u01b0\u1ee3c \u0111\u1eb7t v\u1edbi m\u1ed9t gi\u00e1 tr\u1ecb \u00e2m, d\u01b0\u1edbi m\u1ee9c gi\u1edbi h\u1ea1n d\u01b0\u1edbi l\u00ed thuy\u1ebft l\u00e0 0%.\u00a0<\/p>\n

Ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m<\/i> l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 t\u01b0\u01a1ng \u0111\u1ed1i m\u1edbi (t\u1eeb nh\u1eefng n\u0103m 1990) trong ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 gi\u1ea3m thi\u1ec3u kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh.<\/p>\n

B\u1ea3n ch\u1ea5t c\u1ee7a ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m\u00a0<\/b><\/p>\n

Khi th\u1ef1c hi\u1ec7n ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m<\/i>, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 c\u00f3 l\u1ebd c\u1ea3 c\u00e1c ng\u00e2n h\u00e0ng t\u01b0 nh\u00e2n s\u1ebd t\u00ednh l\u00e3i su\u1ea5t \u00e2m. Thay v\u00ec \u0111\u01b0\u1ee3c nh\u1eadn l\u00e3i, m\u1ecdi ng\u01b0\u1eddi ph\u1ea3i tr\u1ea3 ti\u1ec1n n\u1ebfu mu\u1ed1n g\u1eedi ti\u1ec1n ti\u1ebft ki\u1ec7m t\u1ea1i ng\u00e2n h\u00e0ng.\u00a0<\/p>\n

Ch\u00ednh s\u00e1ch n\u00e0y nh\u1eb1m khuy\u1ebfn kh\u00edch c\u00e1c ng\u00e2n h\u00e0ng cho vay ti\u1ec1n r\u1ed9ng r\u00e3i h\u01a1n v\u00e0 th\u00fac \u0111\u1ea9y c\u00e1c doanh nghi\u1ec7p v\u00e0 c\u00e1 nh\u00e2n \u0111\u1ea7u t\u01b0, cho vay v\u00e0 ti\u00eau ti\u1ec1n thay v\u00ec tr\u1ea3 m\u1ed9t kho\u1ea3n ph\u00ed \u0111\u1ec3 gi\u1eef ti\u1ec1n an to\u00e0n trong ng\u00e2n h\u00e0ng.\u00a0<\/p>\n

Trong th\u1eddi k\u00ec gi\u1ea3m ph\u00e1t, ng\u01b0\u1eddi d\u00e2n v\u00e0 doanh nghi\u1ec7p t\u00edch tr\u1eef ti\u1ec1n thay v\u00ec chi ti\u00eau v\u00e0 \u0111\u1ea7u t\u01b0. K\u1ebft qu\u1ea3 l\u00e0 t\u1ed5ng c\u1ea7u gi\u1ea3m m\u1ea1nh, d\u1eabn \u0111\u1ebfn gi\u00e1 gi\u1ea3m h\u01a1n n\u1eefa, s\u1ea3n xu\u1ea5t ch\u1eadm l\u1ea1i ho\u1eb7c d\u1eebng h\u1eb3n, k\u00e9o theo gia t\u0103ng th\u1ea5t nghi\u1ec7p.\u00a0<\/p>\n

M\u1ed9t ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 n\u1edbi l\u1ecfng ho\u1eb7c m\u1edf r\u1ed9ng th\u01b0\u1eddng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi s\u1ef1 \u0111\u00ecnh tr\u1ec7 kinh t\u1ebf nh\u01b0 v\u1eady. Tuy nhi\u00ean, n\u1ebfu c\u00e1c y\u1ebfu t\u1ed1 gi\u1ea3m ph\u00e1t \u0111\u1ee7 m\u1ea1nh, ch\u1ec9 gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u1ec1 0 c\u00f3 th\u1ec3 kh\u00f4ng \u0111\u1ee7 \u0111\u1ec3 k\u00edch th\u00edch vay v\u00e0 cho vay.<\/p>\n

L\u00ed thuy\u1ebft c\u01a1 s\u1edf c\u1ee7a\u00a0ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m<\/b><\/p>\n

Ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m<\/i> c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c coi l\u00e0 n\u1ed7 l\u1ef1c cu\u1ed1i c\u00f9ng \u0111\u1ec3 th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf. V\u1ec1 c\u01a1 b\u1ea3n, n\u00f3 \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o s\u1eed d\u1ee5ng khi t\u1ea5t c\u1ea3 c\u00e1c ph\u01b0\u01a1ng \u00e1n kh\u00e1c (m\u1ecdi ch\u00ednh s\u00e1ch truy\u1ec1n th\u1ed1ng kh\u00e1c) \u0111\u00e3 t\u1ecf ra kh\u00f4ng hi\u1ec7u qu\u1ea3 v\u00e0 th\u1ea5t b\u1ea1i.<\/p>\n

V\u1ec1 m\u1eb7t l\u00ed thuy\u1ebft, l\u00e3i su\u1ea5t m\u1ee5c ti\u00eau d\u01b0\u1edbi 0 s\u1ebd gi\u1ea3m chi ph\u00ed vay cho c\u00e1c c\u00f4ng ty v\u00e0 h\u1ed9 gia \u0111\u00ecnh, th\u00fac \u0111\u1ea9y nhu c\u1ea7u vay v\u00e0 khuy\u1ebfn kh\u00edch \u0111\u1ea7u t\u01b0 v\u00e0 chi ti\u00eau ti\u00eau d\u00f9ng.\u00a0<\/p>\n

C\u00e1c ng\u00e2n h\u00e0ng b\u00e1n l\u1ebb c\u00f3 th\u1ec3 s\u1ebd ch\u1ecdn t\u1ef1 g\u00e1nh ch\u1ecbu c\u00e1c chi ph\u00ed li\u00ean quan \u0111\u1ebfn l\u00e3i su\u1ea5t \u00e2m d\u00f9 \u0111i\u1ec1u n\u00e0y s\u1ebd \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c \u0111\u1ebfn l\u1ee3i nhu\u1eadn thay v\u00ec chuy\u1ec3n chi ph\u00ed cho ng\u01b0\u1eddi g\u1eedi ti\u1ec1n c\u00e1 nh\u00e2n v\u00ec s\u1ee3 r\u1eb1ng n\u1ebfu kh\u00f4ng l\u00e0m v\u1eady, h\u1ecd s\u1ebd ph\u1ea3i r\u00fat ti\u1ec1n g\u1eedi c\u1ee7a m\u00ecnh sang ti\u1ec1n m\u1eb7t.<\/p>\n

V\u00ed d\u1ee5 th\u1ef1c ti\u1ec5n v\u1ec1\u00a0ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m<\/font><\/h2>\n

M\u1ed9t v\u00ed d\u1ee5 v\u1ec1 ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m <\/i>l\u00e0 \u0111\u1eb7t l\u00e3i su\u1ea5t ch\u1ee7 y\u1ebfu \u1edf m\u1ee9c -0,2%, nh\u01b0 v\u1eady ng\u01b0\u1eddi g\u1eedi ti\u1ec1n s\u1ebd ph\u1ea3i tr\u1ea3 m\u1ee9c ph\u00ed 0,2% tr\u00ean kho\u1ea3n ti\u1ec1n g\u1eedi c\u1ee7a h\u1ecd thay v\u00ec nh\u1eadn \u0111\u01b0\u1ee3c ti\u1ec1n l\u00e3i.<\/p>\n

– Ch\u00ednh ph\u1ee7 Th\u1ee5y S\u0129 \u0111\u00e3 th\u1ef1c hi\u1ec7n\u00a0ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m<\/i> v\u00e0o \u0111\u1ea7u nh\u1eefng n\u0103m 1970 \u0111\u1ec3 ch\u1ed1ng l\u1ea1i s\u1ef1 t\u0103ng gi\u00e1 ti\u1ec1n t\u1ec7 c\u1ee7a h\u1ecd.<\/p>\n

– Ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m <\/i>\u0111\u01b0\u1ee3c Th\u1ee5y \u0110i\u1ec3n s\u1eed d\u1ee5ng trong n\u0103m 2009 v\u00e0 2010, v\u00e0 \u0111\u01b0\u1ee3c \u0110an M\u1ea1ch s\u1eed d\u1ee5ng trong n\u0103m 2012 \u0111\u1ec3 ng\u0103n ch\u1eb7n d\u00f2ng ti\u1ec1n n\u00f3ng ch\u1ea3y v\u00e0o n\u1ec1n kinh t\u1ebf c\u00e1c n\u01b0\u1edbc n\u00e0y.<\/p>\n

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– N\u0103m 2014, Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng ch\u00e2u \u00c2u \u0111\u00e3 th\u1ef1c hi\u1ec7n\u00a0ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m<\/b> ch\u1ec9 \u00e1p d\u1ee5ng cho ti\u1ec1n g\u1eedi ng\u00e2n h\u00e0ng nh\u1eb1m ng\u0103n ch\u1eb7n Eurozone r\u01a1i v\u00e0o v\u00f2ng xo\u00e1y gi\u1ea3m ph\u00e1t.<\/p>\n

(Theo investopedia.com<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t \u00e2m (ti\u1ebfng Anh: Negative Interest Rate Policy) c\u00f3 ngh\u0129a l\u00e0 ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 c\u00f3 th\u1ec3 c\u1ea3 c\u00e1c ng\u00e2n h\u00e0ng t\u01b0 nh\u00e2n s\u1ebd \u00e1p d\u1ee5ng m\u1ee9c l\u00e3i su\u1ea5t \u00e2m cho c\u00e1c kho\u1ea3n ti\u1ec1n g\u1eedi.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[414],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/26840"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=26840"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/26840\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=26840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=26840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=26840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}