Deputy Director Of The Finance And Economic Commission Of The People's Congress: There Is Room For Increase In The Deposit Reserve Ratio.

Whole country Finance and Economic Commission of the people's Congress Vice Chairman Wu Xiaoling 20, China Future deposit reserve ratio still have Upregulated space 。 Because of the low interest rate policy adopted by the United States, the domestic interest rate policy is limited.

At the "China macro economic forum" held by Renmin University of China, Wu Xiaoling pointed out that the reserve requirement ratio of China still has room for improvement. "Because China's deposit reserve is paid interest, the scale of interest payment basically covers the cost of bank deposits, so it will not have a hard impact on commercial banks from financial affairs."

Wu Xiaoling said that the current monetary authorities are making monetary policy stable. The simplest and most obvious way to control money supply should be M2 plus GDP increment plus CPI control increment, and then magnify 1 to 2 percentage points. "But in the current circulation, there is too much money stock, so it is overcorrected, and the money supply needs to be lower than the above calculation."

Wu Xiaoling pointed out that first of all, we should increase the momentum to reduce the impact of international hot money on China's real economy. She said, "building pool" is to make hot money not to impact the real economy. "The central bank has been playing a game of hot money with China since 2003, and has hedged through adjusting the required reserve ratio." Second, straighten out factor prices and reduce exchange rate pressure. Third, controlling interbank liquidity and market liquidity, pushing up market interest rates and reducing asset bubbles.