at the beginning of the economic crisis, it may be because the demand for liquidity of enterprises is greater than usual. Therefore, the demand for cash will increase, and then the market interest rate will increase.

the market interest rate is the interest rate determined by the relationship between supply and demand in the capital market. Market interest rates often change due to changes in supply and demand in the capital market. With the market mechanism playing a role, the supply and demand of credit funds will gradually tend to be balanced due to free competition. The market interest rate in this state is the "equilibrium interest rate", and the official interest rate corresponds to the market interest rate. The official interest rate refers to the interest rate set by the monetary authorities. The monetary authority can be a central bank or a government department with actual financial management functions. The market interest rate generally refers to the London Interbank Offered Rate and the federal funds rate in the United States. The interest rate in China's interbank lending market is also the market interest rate.

The interest rate of newly issued bonds is generally designed according to the market benchmark interest rate at that time. Generally speaking, the rise of market interest rate will cause the price of fixed-income products of bonds to fall, the stock price to fall, the real estate market and the foreign exchange market to fall, but the savings income will increase.

the market interest rate refers to the interest rate determined by the relationship between supply and demand in the capital market. Market interest rates often change due to changes in supply and demand in the capital market. When the market mechanism plays a role, the supply and demand of credit funds will gradually tend to be balanced due to free competition. Economists call this state of market interest rate "equilibrium interest rate". The official interest rate corresponds to the market interest rate, and the so-called official interest rate refers to the interest rate set by the monetary authorities. The monetary authority can be a central bank or a government department with actual financial management functions. Before the implementation of the reform and opening-up policy, the interest rate in China was basically the official interest rate. In the process of reform and opening up in recent 2 years, with the change of capital allocation and financing pattern, the proportion of market interest rate in the interest rate system has gradually increased. Official interest rate and market interest rate analyze the interest rate form from the perspective of capital price decision. In fact, under the background of unified official interest rate, the market interest rate will also have many manifestations, which are determined by various financing forms, unbalanced economic development of a country, market segmentation and other factors. For example, in China, there is a considerable gap between the economically developed coastal areas and the economically backward central and western regions.

the market interest rate generally refers to LIBOR (London Interbank Offered Rate) and the Federal Funds Rate in the United States. There is also an interbank lending market in China, and its interest rate (SHIBOR) is also the market interest rate.

the market interest rate and bond price change in the opposite direction. Generally, changes in market interest rates cause changes in bond prices. For example, raising interest rates by the Federal Reserve will cause a decline in securities prices (the actual effect is affected by many aspects, such as whether the policy has been expected). When the price of a bond changes due to its own reasons, such as the deterioration of the issuer's fundamentals, the yield of its bondholders will change in the opposite direction.