虽然目前银行流动性增多,但利率从货币市场向实体经济的传导还不顺畅。究其原因,三季度受存款偏离度指标考核压力以及利率市场化推进等因素影响,各银行存款增长普遍承压,存款余额环比下降,负债结构的变化带来了银行资金成本压力,进而影响到企业贷款成本;重要原因还在于经济下行压力下,债务率较高和风险溢价上升。在经济结构 Although the current bank increased liquidity, but the conduction of interest rates from the money market to the real economy is not smooth. The reason is that in the third quarter, due to the pressure of assessment of deposits deviation index and the marketization of interest rates, the growth of deposits in various banks was generally under pressure and the balance of deposits dropped sequentially. The changes in liability structure brought pressure on the bank’s capital costs and further affected Corporate loan costs; important reason is still under the pressure of economic downturn, a higher debt ratio and risk premiums rise. In the economic structure