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

Money

Forex reserves pose problems: PBOC official

By Yang Ning (China Daily)
Updated: 2011-05-05 10:44
Large Medium Small

Forex reserves pose problems: PBOC official

Yi Gang, deputy governor of the People’s Bank of China

The central bank will take positive measures to curb excess liquidity

BEIJING - China's high foreign exchange reserves are the major cause of excess liquidity, said Yi Gang, deputy governor of the People's Bank of China (PBOC) and head of the State Administration of Foreign Exchange.

He also said the government is confident of curbing liquidity and inflation, and that consumer prices are expected to rise at a slower pace in the second half of the year.

"The central bank has already sterilized around 80 percent of the liquidity generated by foreign exchange accumulation through various measures, including raising the reserve requirement ratios for banks and issuing central bank bills," Yi was quoted as saying by the China Securities Journal on Wednesday.

Related readings:
Forex reserves pose problems: PBOC official China's bank forex surpluses grow faster
Forex reserves pose problems: PBOC official Forex reserves to expand at slower pace
Forex reserves pose problems: PBOC official China should diversify forex reserves
Forex reserves pose problems: PBOC official PBOC drains $45.3b of liquidity from money market in March

In recent years, the PBOC has been using newly issued yuan to purchase most of the foreign exchange that has entered China, which has led to an increase in money supply and has intensified inflationary pressures, he said.

By the end of March, China's foreign exchange reserves hit $3.04 trillion, an increase of 24.4 percent year-on-year, according to figures released by the central bank on April 14.

"We are confident that China will be able to control liquidity and inflation. The central bank and the related government agencies will take positive measures to curb excess liquidity and further tame inflation," Yi said.

China's Consumer Price Index, a main gauge of inflation, rose 5 percent from a year earlier in the first quarter of this year, with the March figure hitting a 32-month high of 5.4 percent, according to the National Bureau of Statistics.

The government will continue to make tackling inflation a top priority for macroeconomic regulation, said the PBOC in its first-quarter monetary policy report posted on its website on Tuesday.

The central bank will make good use of macroeconomic control tools, such as open market operations, bank reserve requirement ratios - or the proportion of money they must set aside as reserves - and interest rates, in a bid to manage inflation expectations, it said.

It added that there is "no absolute ceiling" to how far it can raise the reserve requirement ratio (RRR).

The central bank has raised the RRR for lenders seven times since October, with the ratio for large financial institutions reaching a record high of 20.5 percent.

It also raised the benchmark interest rates four times during the same period.

分享按鈕
主站蜘蛛池模板: 亚洲欧美激情视频 | www.天天干 | 天天亚洲 | 日本久久高清 | 免费a视频在线观看 | 国产日日日 | 99久久99久久久精品棕色圆 | 91国产丝袜在线播放 | 久久久网站| sihu在线| 视频国产在线 | h在线观看h | 国产一区二区视频免费观看 | 17c在线观看视频 | 69夜色精品国产69乱 | 国产精品自拍一区 | 色老二导航 | www.久久视频 | www在线免费观看 | 日韩久久免费 | 国产同性人妖ts口直男 | 日本黄色高清 | 97国产在线视频 | 天天色婷婷| 男人操女人免费网站 | 97中文字幕在线观看 | 337p亚洲欧洲色噜噜噜 | 欧美一区二区三区激情视频 | 少妇特黄a一区二区三区 | 久久黄色网址 | 四虎精品影院 | 国产成人av一区二区三区 | 四虎私人影院 | 欧美夜夜操 | 99视频导航| 免费黄色小视频在线观看 | 日本在线天堂 | 中文字幕av在线播放 | 97国产超碰 | 久久久免费 | 欧美中文 |