日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Central bank raises deposit reserve ratio

(Xinhua)
Updated: 2007-02-17 09:09

Related readings:
 PBOC lifts reserve ratio on deposits
 Deposit reserve ratio raised by 0.5%
 Money supply grows, deposit shrinks in January
 Money supply in line with trend

The required reserve ratio for financial institutes engaging in deposit business will be raised by 0.5 percentage points from February 25 to 10 percent, the second hike in two straight months, sources with China's central bank said on Friday.

This moderate increase shows that the People's Bank of China (PBOC) had shied away from using drastic moves to absorb liquidity as the country's consumer price index, the measure for inflation, grew by only 2.2 percent in January, down 0.6 percentage points from the previous month, observers said.

The reserve ratio hike, the fifth of its kind since last July, was made to deal with "dynamic currency liquidity changes and to consolidate macro-economic controls", said the central bank in its latest statement.

The statement said that imbalanced international payment generated by mounting trade surplus had resulted increasing currency liquidity and made another reserve ratio hike necessary.

China's central bank lifted deposit reserve ratio by the same margin of 0.5 percentage points on January 15, which was estimated to take 150 billion yuan (18.8 billion US dollars) out of the banking pool.

However, some economists argued that an interest rate hike was inevitable, as reserve ratio adjustments and open market operations had proved ineffective in curbing excess liquidity.

Official data revealed that the newly-added renminbi-denominated loans amounted to 567.6 billion yuan in January, basically equivalent to last January but twice as much as last year's monthly average.

The outstanding renminbi-dominated loans amounted to 23.1 trillion yuan in January, up 16 percent year-on-year. The growth rate was 0.9 percentage points higher than the end of last year and up 2.2 percentage points from last January.

Yin Zhongli, an expert with the Financial Research Institute of the Chinese Academy of Social Sciences, called the move "an expected expedient."

"This won't be the last reserve ratio hike of the year. Meanwhile, interest rate rises are far from the best tool to absorb liquidity, " he said.

Economist Han Zhiguo contended that an advisable way was to facilitate the development of capital market and allow stock markets to play a bigger role.

The central bank reiterated in its Friday statement that it would "adopt a prudent monetary policy, tighten the management of bank liquidity and facilitate the rational growth in monetary credit."


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 麻豆成人精品 | 亚洲播播 | 毛片网站在线看 | 91免费| 一区二区视频免费在线观看 | 久久久久久网址 | 中文字幕亚洲精品在线观看 | 亚洲视频欧美 | 日韩激情在线 | 日韩欧美亚洲一区二区三区 | 日韩欧美高清视频 | 国产一区二区观看 | 一本色道久久综合亚洲二区三区 | 免费看的黄色网 | 国产精品视频播放 | 欧美激情国产精品免费 | 狠狠的操 | 日韩精品一级 | 久久精品国产视频 | 日本污视频在线观看 | 欧美一区不卡 | 操女人逼视频 | 一区二区视屏 | 天堂资源在线 | 欧美国产日韩视频 | 亚洲一级网站 | 91精品国产综合久久精品图片 | 日韩精品影视 | 国产一区精品在线 | 最新国产精品 | 国产福利片在线观看 | 国产热 | 一区二区日韩视频 | 欧美国产精品一区 | 激情小说亚洲色图 | 亚洲日本香蕉视频 | 国产亚洲欧美视频 | 一级黄色网址 | 撕开她情趣内裤让她呻吟视频 | 日韩精品亚洲精品 | 黄色一级片网站 |