"This is true, but the hostile banks do not see the whole truth, they think that the new government in the Far East is unstable, its finances are depleted, and it is facing the threat of force from the empire, and it is in urgent need of issuing blue coupons with a total face value of 50 million gold talers to obtain financial resources......" Katya smiled sarcastically at the corner of her lips, "so they gathered a group of comrades and openly raised the deposit interest rate to absorb private deposits, artificially creating a situation." If most of the surplus money in the hands of the people is deposited in the seventy-two banks, as those profiteers wish, and the people lack sufficient circulating money, industrial and commercial operations will inevitably be impacted, tax revenues will also be sharply reduced, and the national bonds will not be sold, the central bank will not be able to recover the imperial decorated new coins, the issuance of the gold will be forced to run aground, the deflationary crisis caused by the money shortage will become more and more intense, and the economic operation of the whole country will face the threat of the Great Depression。??? ?One? See?? Book? Look·y?K?A?N?S?H?U?· ＣＯＭ?”

"If those speculators get their way, what conditions will they fire?" Orome asked, a little worried.

"The first is of course to ask the central bank to give up its monopoly on coinage and allow them to mint coins privately to increase liquidity and alleviate the money shortage, and the second is to force the central bank to relax its ......supervision of private banks issuing bank bills," Antron thought for a moment, and then added, "There is also the possibility of forcing the central bank to agree to a par discount on the interest on existing Treasury bonds, in exchange for their support for Treasury bonds, and to make another bargain through the Treasury bond trade of buying low and selling high????? One? Reading ??· ｙＫＡＮＳＨＵ·ＣＯＭ”

Based on the one-sided information held by the seventy-two local banks, Katya and Antlon's analysis is logical, but Roland only thinks that this farce is ridiculous from all the facts he has, and those who jump out to provoke the central bank never dream of how strong the syndicate behind him is. If it weren't for political considerations, there would be no need for him to publicly issue government bonds, and how could he be blackmailed by those speculators who sit back and watch the sky.

"That's the general situation, Katya, this war is a game you have set up, talk about your countermeasures." Roland looked at his deputy with anticipation in his eyes.

Katya did not disappoint him, and said confidently: "There are a total of 204 large and small commercial banks in the Far East, and now 72 are openly challenging the central bank, 32 have not made a clear statement, and the remaining 100 banks have already expressed their allegiance to the central bank through various channels and are willing to cooperate with the central bank to crack down on hostile financial groups. ”

"Miss Katya, what do you want the commercial banks that support the central bank to do?" Urome asked.

"I don't have the authority to order them, this order can only be given by our Royal Highness the Prince himself." Katya corrected. She had just been taught a vague lesson by Roland, and she didn't dare to overstep her authority again.

"But what is the order?" Orome still didn't understand Katya's plans.

"Quite simply, the central bank announces the benchmark interest rate...... For the time being, it is set at 5%, and all subordinate commercial banks are required to use this standard interest rate as the one-year loan interest rate. Katya was smiling, as if she was preparing a wonderful prank.

Seeing that Orome was still confused, Antron explained to her in a low voice what Katya had meant by doing so.

"The benchmark interest rate announced by the central bank is 5%, which is the same as the annual interest rate of blue bond bonds, and the benchmark interest rate of the central bank is the one-year loan interest rate of 100 commercial banks under it, and the one-year deposit interest rate of the 72 hostile banks is as high as 6%, which is one percentage point higher than the benchmark interest rate of the central bank, and there is a risk-free arbitrage corridor between the two interest rates! Anyone who has dealt with banks knows that this is a godsend, and of course they will choose to deposit their money in commercial banks that resist the management of the central bank and maliciously raise deposit interest rates, and at the same time seek low-interest loans from commercial banks under the central bank! The more Antron spoke, the more excited he became, and he couldn't help but raise his voice, "Eurome, if you find this arbitrage opportunity, what will you do next?" ”

Eurome wasn't very familiar with banking, but she wasn't stupid at all, and the girl's budget-conscious nature immediately made her realize that the opportunity to make a fortune was coming!

"Well...... I don't rule out that a very small number of honest business owners will use low-interest loans to expand their operations, but I am afraid that I will not be able to resist the urge to take advantage of small advantages, and directly transfer low-interest loans to high-interest bank accounts to sit on the interest rate difference, and just keep going back and forth...... Tsk, how can there be a more relaxed and stable business in the world, and you can earn money while lying down! Orome's eyes lit up.

"Look, you can think of doing this, and others are not stupid, of course they can do it." Antron laughed.

Ou Luomei frowned and asked suspiciously: "But from the standpoint of the central bank, wouldn't depositors cheapen them in vain by depositing their money in commercial banks that are contrary to the central bank, and what is the benefit of doing so to the central bank?" ”

Antron smiled and patiently analyzed the consequences of crazy arbitrage for her: "The excessively high loan interest rates of the seventy-two commercial banks will cause them to find no lending channels, and if they do not lend, they will have no income, and the banks will have to pay high deposit interest if they have no income, so if they continue, they will inevitably be hollowed out, and it will be difficult to escape the end of bankruptcy and bankruptcy." ”

"Can't the seventy-two banks lower their lending rates?" Urome asked.

"How else can it be lowered?" Antron shook his head and laughed, "Their deposit interest rate has been as high as 6%, and the loan interest rate can never be lower than the deposit interest rate, of course, they can choose to reduce the deposit and loan interest rate simultaneously to eliminate the arbitrage space, but the deposit interest rate must be reduced to at least 5% to be effective, and this is exactly equivalent to the annual interest rate of treasury bonds, depositors will naturally calculate an account, rather than saving money in those banks It is better to buy treasury bonds more safely, so that the conspiracy of those speculators to absorb deposits and short treasury bonds will be self-defeating." ”

Eurome blinked, and there was confusion in her eyes: "I understand your explanation, but most depositors don't know as much about the banking industry as I do, how can they know these inside stories?" If they don't know the secret of bankers' money, how can they realize that high interest means high risk, and how can they have the awareness to get their money back quickly? If the depositors do not react in time, it is not the bankers who will suffer in the end, but those depositors, which may not be the result that His Royal Highness Roland wants. ”

"Uh......" Antron was stopped by her at this time, and was speechless for a moment.