China hikes RRR for 5th time in 2011

0 CommentsPrint E-mail China.org.cn, May 16, 2011

Editor's notes:

On May 12, the People's Bank of China?raised reserve requirement hike for the fifth time in 2011. The move, targeted to further curb inflation, orders domestic banks to set aside more money from lending. Effective from May 18, the reserve requirement ratio for banks will rise by 0.5 basis points, bringing RRR for large financial institutions to a record high of 21 percent.?The move is expected to freeze about 370?billion yuan in liquidity in the banking market.

 Latest news:

??

Bank reserve requirement ratio ups 50 bps

China's central bank announced Thursday that it will raise the reserve requirement ratio (RRR) of the country's lenders by 50 basis points from May 18, the fifth such rise this year. [Full article]


Recent rate hikes:

Apr. 17, 2011? | ?Mar. 18, 2011? |? Feb. 9, 2011 ?| ?Dec.?26, 2010??|??Oct.?20, 2010


 GDP growth target too low

??2011 trade surplus may drop to US$100b

??Inflation 'set to increase further'

? Crucial period for economy

? New yuan lending 'still very high'

NDRC targets price monopoly

??China's April CPI up 5.3%

? Rising renminbi, not inflation, holds key

 

 Experts' opinions:

"The reduction of money supply can help curb inflation. With a 3.25-percent one-year deposit rate and a 5.3-percent inflation rate, we cannot yet rule out the possibility of a rate hike."

-- Yao Jingyuan, chief economist of the National Bureau of Statistics

 

"I think the central bank's move has a lot to do with the consumer price index released Wednesday. There is still significant upward pressure on prices and ample liquidity in the banking sector. The reason that people were surprised about the RRR hike is because they think the reserve requirement ratio is already at a relatively high level... We are tightening liquidity to prevent inflation to go up further, and I think our move is right."

-- Tan Yaling,??director of the China Forex Investment Research Institute

 

?

"The central bank hikes reserve requirements in an effort to tighten liquidity. Current inflation is not a short-term one, but an imported-type of inflation that will stay for a long period of time. However, the previous RRR hikes haven't shown an obvious effect. The central bank should increase interest rate. Only by doing so, can the central bank bring down?commodity prices."

-- Yi Xianrong, researcher at the Financial Institute of the Chinese Academy of Social Sciences

 

"The central bank aims to control banks' lending scale and reduce liquidity pressure?through the reserve requirement hike. This round of RRR hike is well within market expectations. After the RRR hike, it's highly unlikely for the central bank to increase interest rates."

-- Ye Tan, economics commentator

 

?

"This round of reserve requirement hike is targeted at control liquidity. China's trade surplus?has started to pick up, and there is ample liquidity in the open market. Therefore the country's inflation rate?remains at a high level."


-- Guo Tianyong,?professor at the?Central University of Finance and Economics

 

"The central bank chose to hike reserve requirements again and again because it want to keep the country's whole-year liquidity at a reasonable level. However, China's liquidity level won't change much in the short term, therefore I think the central bank will probably?hike reserve requirements again very soon."

-- Zuo Xiaolei, chief economist at Galaxy Securities

 

 Performance of Shanghai Composite Index? after each hike

 

 Reserve requirement ratio hikes in recent years

 

 

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 香蕉久久精品国产| www久久只有这里有精品| 欧美伊久线香蕉线新在线| 伊人狼人综合网| 老司机精品久久| 国产午夜a理论毛片在线影院| 夜夜未满18勿进的爽影院 | 韩国19禁无遮挡啪啪无码网站| 国产精品亚洲欧美一区麻豆| 99re5久久在热线播放| 疯狂的欧美乱大交| 国产twink男同chinese| 麻豆传煤入口麻豆公司传媒| 国产精品亚洲片在线| 91麻豆国产在线观看| 天天在线天天综合网色| 一本到在线观看视频| 成人在线观看国产| 丰满爆乳无码一区二区三区| 日本高清不卡在线| 久久精品国产99精品最新| 男人的j进入女人的p的动态图| 啦啦啦中文在线视频6| 色播亚洲视频在线观看| 国产精品反差婊在线观看| 99久久免费只有精品国产| 女人zozozo与禽交| 一本大道一卡二大卡三卡免费 | 人妻丰满熟妇av无码区| 韩国伦理电影我妻子的秘密| 国产清纯白嫩初高生在线观看| 88av在线视频| 国产色婷婷精品免费视频| 99ri在线观看| 在线精品免费视频无码的| 99精品无人区乱码在线观看 | 男生女生一起差差差带疼痛| 再深点灬舒服灬太大了np视频 | 一级毛片免费观看不收费| 成人爽a毛片在线视频网站| 中文字幕日韩三级片|