effective interest rate

基本解释

On the other hand, commercial banks need to construct the effective interest rate risk management system.
另一方面，商业银行需要构建高效的利率风险内部防范体系。
So it is intrinsic for the marketization of interest rate to choose an appropriate and effective market interest rate as benchmark interest rate by the currency authorities.
因此利率市场化内在要求货币当局从利率体系中选定一种合适、有效的市场利率作为基准利率。

They can also choose an alternative, called a HECM Saver loan, where they pay much lower fees but can borrow less and may pay a higher effective interest rate.
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