在利率管制的条件下, 由于我国国有商业银行的风险厌恶和存款偏好特性, 使银行的贷款供给不足和存款需求过大, 引起存贷款差额扩大, 从而导致我国货币政策信用渠道的传导机制不畅。因此, 应当从强化国有商业银行的风险管理水平、弱化国有商业银行存款成本软约束等方面, 有针对性地进一步完善我国货币政策信用传导机制。

Owing to the risk aversion (hard credit risk constraint) and deposit preference of state-owned commercial banks, their credit supply is not sufficient, deposit demand is too big, and balance of their deposits to loans is enlarging. As a result, the transmission mechanism of credit channel of our country's monetary policy is not smooth under a condition of interest rate control. We should improve transmission mechanisms of the credit channel.