男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

News >Bizchina

New hike in reserves for banks

2011-04-18 09:01

New hike in reserves for banks

Increase by 50 basis points is fourth raise this year in inflation battle

BEIJING - The central bank raised the amount of money that banks must hold in reserve by 50 basis points on Sunday - the fourth hike this year - to mop up excessive liquidity and control inflation in the world's second-largest economy.

The People's Bank of China, the central bank, announced on Sunday that the measure will be effective from April 21.

This is the tenth increase since the beginning of 2010.

The new reserve requirements for large commercial banks will be 20.5 percent.

It's estimated that the move will soak up about 376.4 billion yuan ($57.66 billion) from the market, and affect lending of about 1.71 trillion yuan, Dong Xian'an, chief economist with Peking First Advisory, said.

Related readings:
New hike in reserves for banksChina may raise bank reserve requirements again 
New hike in reserves for banksPBOC increases reserve ratios for lenders again 
New hike in reserves for banksReserve requirements raise becomes effective Thursday 
New hike in reserves for banksPBOC slaps differentiated reserve ratios on small banks 

Abundant liquidity this month makes the decision necessary, with 900 billion yuan of central bank bills due to return, analysts said.

The measure came after the central bank raised interest rates for the fourth time since October on April 5, and the consumer price index (CPI), a key inflation gauge, rocketed to 5.4 percent in March, a 32-month high, according to data from the National Bureau of Statistics (NBS) released on April 15.

Although the CPI showed a month-on-month decline in March of 0.2 percent, rising international grain and oil prices have increased concerns over inflation.

The CPI for March was well above the government's 2011 target of 4 percent and fueled expectations of further interest rate hikes and lending restrictions.

The government has made reining in prices a key task for this year.

China will continue tightening monetary policy for "some time," Zhou Xiaochuan, central bank governor, said on Saturday in Hainan, according to a Bloomberg report, where he was attending the Boao Forum for Asia.

"We will remove the monetary factors that are related to inflation ... Our monetary policy will continue to move from moderately loose to prudent. This means properly tightening. The trend will continue for some time."

He said there isn't an absolute reserve ceiling for banks.

"It depends on many conditions. When those conditions change the force and room for reserve requirement ratio adjustments will also change."

The economic data showed China's growth still maintained a strong momentum and confirmed the resolve of policy makers to curb inflation through tightening measures, said Liu Erhfei, country executive of Bank of America Merrill Lynch in China.

He expected that the monetary environment will become tighter during the year and dismissed concerns over economic slowdown.

The economy grew by a faster-than-expected 9.7 percent in the first quarter, according to NBS on April 15.

The central bank reported a day earlier that M2, the broad measure of money supply including cash in circulation and deposits, grew 16.6 percent in March, and new yuan loans for the month also exceeded estimates at 679.4 billion yuan.

Lu Zhengwei, chief economist with the Industrial Bank, said earlier that the required reserves for large lenders will probably reach close to 23 percent this year.

Dong, from Peking First Advisory, predicted that required reserves would be increased shortly, probably in May, and interest rates would be raised in July to keep inflation at about 4.5 percent.

Related News:

主站蜘蛛池模板: 湘西| 五峰| 格尔木市| 灌云县| 晴隆县| 陇西县| 汤阴县| 浦北县| 广水市| 莒南县| 普陀区| 璧山县| 新田县| 满洲里市| 天柱县| 渭源县| 晋州市| 邯郸市| 兴隆县| 墨脱县| 太保市| 和田市| 文化| 潼南县| 民勤县| 舟曲县| 荔波县| 来安县| 乳源| 乐东| 嵊州市| 金山区| 潮州市| 昌宁县| 宝鸡市| 静宁县| 若尔盖县| 曲阜市| 鹰潭市| 扎兰屯市| 达拉特旗| 沈阳市| 宁晋县| 德化县| 濮阳县| 淳化县| 丽江市| 绍兴县| 富顺县| 历史| 乌苏市| 义乌市| 辽阳县| 江津市| 温州市| 韩城市| 历史| 砀山县| 呼图壁县| 玛曲县| 昆山市| 攀枝花市| 西丰县| 乐亭县| 桑植县| 汝南县| 赤城县| 和硕县| 连南| 马鞍山市| 余姚市| 偏关县| 姜堰市| 元氏县| 公主岭市| 犍为县| 开原市| 麦盖提县| 杭州市| 余庆县| 文山县| 柯坪县|