Second , money market interest rates are not yet fully market oriented.Third , rediscount policy has been completely lost the regulating role of monetary policy.

• 最后，针对上面找出的原因提出了具体解决措施，主要有:进一步发展、规范同业拆借市场，积极发展银行间债券市场,大力推动票据市场的发展;