Deposit reserve ratio by 0.5% over 350 billion of

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Beijing Times reported on November 11 to control the liquidity of the market is too spread, the central bank once again shot to raise the deposit reserve ratio. The central bank announced late last night from November 16, the raised deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points. 9 by the end of the deposit balance of 70.09 trillion estimate,[link widoczny dla zalogowanych], the adjustment will be frozen more than 350 billion yuan RMB.
if you count the 6 month ago, carried out by the banks raised the deposit reserve rate differential, which is of major commercial banks this year on the fifth reserve ratio increase. This year, our January 18th respectively, on February 25 and May 10 minutes 3 times a raise deposit reserve ratio of financial institutions. In addition, the central bank on Oct. 13 also ICBC, Agricultural Bank, Bank of China, Construction Bank, China Merchants and people's livelihood six banks raised the deposit reserve rate differential. Increases, the relevant bank reserve ratio to 18% of historic highs.
s

main purpose is to curb inflation

economic data in October to be announced on the occasion, \determination to control inflation expectations. The current economic situation from the view that inflation was heating up the momentum, agricultural products, food, industrial raw materials prices rose rapidly. National Development and Reform Commission Zhang Ping said in the November 9, it is estimated this year's CPI is slightly higher than the 3% point, while the previous National Development and Reform Commission has repeatedly stressed that \
to curb inflation by freezing funds

Central University of Finance and the China Banking Research Center, Guo Tian Yong believes that the central bank raised the deposit reserve ratio for the control of credit and thus the main control inflation. Because relatively large domestic inflationary pressures, especially the United States to implement the second quantitative easing policy, the domestic inflation is expected to again growing. He analyzed the current society as a whole the situation there is the money supply the high side, so the central bank raised the deposit reserve rate to freeze part of the capital, to curb inflationary expectations.
impact

or short-term adjustment and long-term stock market rose

British Institute of Lida Xiao Tai Securities, said, raised the reserve ratio is a quantitative control of bank share the negative side, but the current valuation of bank shares lower, investors do not have the banking sector is too pessimistic. He said the broader market rose as high, the increase in reserve ratio will adjust short-term shocks the broader market, take some time to digest,[link widoczny dla zalogowanych], but the A shares and long-term upward trend will not change, investors need not panic too much.
prediction

years, at least one more rate hike

if they would raise interest rates for years, said Tian Yong Guo, National Bureau of Statistics November 11 macroeconomic data will be released in October, is expected CPI will hit a new high this year, is likely to reach 4% or more, so the possibility of recent interest rate the central bank is relatively large, interest rate increase might be 25-50 basis points, may be simultaneously increased, interest rates may also be asymmetrical.
he expected at least one more rate hike during the year, now have to observe the November economic data,[link widoczny dla zalogowanych], and if inflation continues upward, does not rule out twice during the year will increase interest rates.
reserve ratio by 200 basis points upward adjustment

Merrill Lynch, Bank of America Asia-Pacific economist Ting Lu said the central bank raised the deposit reserve ratio is the direct result of inhibition of liquidity, the Fed impact of a new round of quantitative easing, China's inflationary pressures continue to increase, hot money inflows will increase. Therefore, the expansion of liquidity and credit growth will provide the gap between the reserve ratio increases more space, including major bank reserve rate 100-200 basis points upward adjustment.
(This article Source: Beijing Times. More exciting content, please visit the network of the Capitol: High morning)
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