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

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

Central bank lowers reserve ratio

By Chen Jia (chinadaily.com.cn) Updated: 2015-04-19 19:59

Central bank lowers reserve ratio

A woman walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, in this file picture taken June 21, 2013. [Photo/Agencies]

Increased liquidity expected to help economic growth

China's central bank announced it was lowering the amount of cash that all financial institutions need to reserve starting on Monday.

The move will release liquidity of at least 1.2 trillion yuan ($197 billion) to support economic growth.

It is the second reserve requirement ratio cut in three months. The?one percentage point drop was the largest since November 2008.

An extra 1 percentage point cut in the ratio will be given to commercial banks for agricultural services and an additional reduction of 2 percentage points to the Agricultural Development Bank of China, the People's Bank of China said.

It will further lower the ratio by 0.5 percentage points for eligible banks that lend a certain amount of money to agricultural borrowers or to small and micro businesses.

This change is expected to lift the stock market on Monday after the benchmark index hit a seven-year high last week, said Zong Liang, an economist at Bank of China International.

Lu Zhengwei, chief economist at Industrial Bank, commented that the cut was "inevitable" but "a little bit late", as the funds outstanding for foreign exchange have continued to drop since April last year, which means market liquidity has actually tightened.

Cutting the reserve requirement ratio is more effective in reducing loan costs for industrial companies than decreasing the benchmark interest rate, Lu said.

Commercial banks' lending costs for new loans are higher than industrial profit in recent months, according to economists, especially in March when the growth in industrial output declined to a post-crisis low of 5.6 percent, down from 6.8 percent in the first two months of the year and from 7.9 percent in December.

Dragged down by the sluggish manufacturing production and historic low for fixed-asset investment in the first quarter, China experienced a six-year low in GDP growth.

Zhou Xiaochuan, the country's central bank governor, said on Saturday that China still has scope to further ease monetary policy.

chenjia1@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 黄色免费高清 | www欧美| 人人草在线观看 | 黄色片在线观看网站 | 黄色大片网址 | 福利国产 | 青娱乐欧美 | 成人免费看片'在线观看 | 婷婷综合在线 | 黄色一级一级 | 国产第一页在线播放 | 欧美日韩视频在线播放 | 日本h视频在线观看 | 香蕉视频在线视频 | 免费黄色网址大全 | 日韩一级片在线免费观看 | 欧美亚洲一区二区三区四区 | 国产又粗又长又硬 | 亚洲免费观看 | 国产成人愉拍精品久久 | www四虎影院| 久久免费在线观看 | 免费在线看黄视频 | 三区在线播放 | 国产精品久久影视 | 特黄视频在线观看 | 亚洲精品无 | 欧美黄色片免费看 | 国产美女久久久久久 | 91成人精品一区在线播放 | 一区二区视频网站 | 成人高清视频在线观看 | 日韩特一级 | 神马影院一区二区 | 伊人啪啪网 | 国产精品成人国产乱一区 | 日韩中文字幕影院 | 伊人精品在线视频 | 亚洲美女久久 | 免费在线观看黄色片 | 亚洲免费网站在线观看 |