Friday, December 10, 2010

November RMB deposit balance 70.87 trillion yuan

On December 10 evening news, the people's bank of China raised financial organ renminbi today decide the deposit reserve rate 0.5 percentage point. This is the sixth year to raise deposit reserve rate, is thought to predict the CPI data released tomorrow better than expected. But inflation pressures remains, about the central bank to inflation targeting tolerance experts also has its own opinions.
Again recover 350 billion financing area still ample liquidity
According to the central bank recently data, financial institutions in late  Raised by 0.5 percentage points, but frozen bank capital about 3,500 billion yuan.
Industrial bank (24.26, 0.38, 1.59%) capital operation center chief economist lu commissar of sina finance and economics says: "today to raise deposit reserve rate conform to expectations, such a hike does not constitute too much tightening, from December to see, fiscal deposit may shall flow, and at present the trillions of insufficient 4000 billion raised reserve lock. Yuan-denominated liquidity remained moderate state."
Yanjing huaqiao university principal Watson also points out, foreign exchange combines continues to increase, raise deposit reserve may only be able to solve a month, or from two aspects, exchange rates and interest rates to adjust. "Raise deposit accuracy ratio helps shrink liquidity, but apparently enough."

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