Dependent variable: commercial banks base rate

Variables

Coefficient

t-Statistics

Probability

Base rate (−1)

0.346

29.33***

0.000

Distribution cost structure

0.110

32.53***

0.000

Dependent variable: Individual bank’s lending rate

Lending rate (−1)

−0.0233

−0.34

0.737

Distribution cost structure

0.1555

2.65***

0.010