These practices prove that open market operations have now become the most important monetary policy instrument and a principal instrument of the routine operation and played a more and more important role . it means that our national monetary policy regulation has realized the shift from direct control to indirect control 实践证明，公开市场业务已经成为我国央行投放基础货币的主渠道，成为日常货币政策操作的主要政策工具，发挥着越来越重要的作用，这也标志着我国货币政策调控成功地实现了由直接调控向间接调控的基本转变。
Some concrete counter measures of advancing the interest rate liberalization ulterior are put forward according to the analysis of the practical problems of the interest rate liberalization of our country . ( 1 ) to expedite the reform of commercial bank . ( 2 ) to expedite the reform of state - owned enterprise 第四部分，是本文的主体，通过分析我国利率市场化的现实困难，提出了进一步推进利率市场化的一些具体对策： ( 1 )加快商业银行的改革步伐； ( 2 )加快国企改革； ( 3 )完善人民银行间接调控与监管体系； ( 4 )拓展和规范金融市场； ( 5 )搞好配套改革； ( 6 )控制利率风险。
So one practical way to improve china ' s monetary policy implementation effectiveness and help establish a multi - layer transmission system linked with the indirect adjustment and control , is to make analysis on china ' s monetary policy transmission mechanisms at different development stages , explore measures to upgrade the current monetary policy transmission system with full consideration of actual factors in china ' s financial reforms 因而，结合我国自身金融改革的特点，分析研究我国在不同时期的货币政策传导机制，探讨影响和制约货币政策传导的因素，发掘改善并提高我国货币政策传导机制的途径，对最终建立起货币政策间接调控相适应的多渠道多层次的传导体系，提高货币政策实施效率，是具有深刻的现实意义的。
