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Cholerny Spammer
Joined: 25 Sep 2010
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Location: England
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Posted: Fri 10:18, 19 Nov 2010 Post subject: (To) China raised the deposit reserve ratio |
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PBC (PBoC) is still less than a week yesterday, the second time in a small increase in inter-bank market interest rates. China central bank is working with commercial banks lending problems in the fast start tug of war.
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Yao Zhizhong, wrote in a publication: \
translator / wind
China's central bank is facing a series of worrisome inflation pressure signal, including the rapid expansion of money supply. December, China's M1 narrow money supply increased 34.6% year on year.
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China has decided to raise the bank deposit reserve ratio, which is by far the most obvious sign that the growing concern in the community led to overheating and credit surge inflation,[link widoczny dla zalogowanych], the Chinese central bank is trying to tighten monetary policy environment.
He Fan, the Chinese Academy of Social Sciences and
a prestigious university in Beijing, an economist, said recent policy moves may reflect the central bank and other government departments, the differences between. The central bank is concerned that inflation,[link widoczny dla zalogowanych], while other government departments are to promote the continued large-scale lending.
highlight these initiatives, the proliferation of credit in the management of the consequences of China, the Chinese central bank's task more complicated. Gross new loans last year compared with 2008's 4.2 trillion yuan more than doubled, reaching more than 9 trillion yuan.
many cities prices are rapidly rising capital inflows seems to be strong, because people expect the yuan to appreciate the process of recovery this year.
\ \ 0.08% increase in March of 0.04% bill rate increase.
two leading economists warned this week that inflation risks, they said that if the government does not recover some of the stimulus, the Chinese economy could grow 16% this year.
However, it is not clear, the central bank increasingly hawkish position on whether the majority of the CPC Central Committee Political Bureau and support. Some senior Chinese leaders appear to prefer to maintain easy monetary policy to ensure high growth rates.
, economists say, the banks announced yesterday is a warning to them not to over-lending. Earlier,[link widoczny dla zalogowanych], state media reported that the first week of 2010,[link widoczny dla zalogowanych], 6,000 new lending billion yuan (88 billion US dollars), average total loans compared with last year summoned up the courage.
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