NO.PZ201812170100000206
问题如下:
Based on Statement 1, the net interest income for the three banks’ most likely will:
选项:
A.decrease.
remain unchanged.
increase.
解释:
A is correct.
A bank’s net interest income represents the difference between interest earned on loans and other interest- bearing assets and the level of interest paid on deposits and other interest- bearing liabilities. Banks typically borrow money for shorter terms (retail deposits) and lend to customers for longer periods (mortgages and car loans). If the yield curve unexpectedly inverts, the short- term funding costs will increase and the net interest income will most likely decrease (not remain unchanged or increase).
解析:
考点:Analysis of Financial Institutions - Analyzing A Bank - The CAMELS Approach - Earnings
题目问基于描述 1,三家银行的 net interest income 将会如何变化?
解题的关键信息,位于 Exhibit 4 下面的一段及描述 1,共两部分文字。结合起来看,关键信息是想说:央行在解除货币宽松政策,隔夜拆解利率可能上升的不止 2 个点,可能上升更多,更说明短期利率上升,收益曲线反转,银行的负债成本上升了。
new interest income,等于资产的收益,减去负债的成本。后者上升了,所以结果是降低 decrease,选 A。
货币宽松利率不是会往下调吗?为什么短期利率反而是上升呢?