Reserve Ratio Is Raised Again

The people's Bank of China announced on the evening of 19 evening that it decided to increase the deposit reserve ratio of deposit financial institutions by 0.5 percentage points from November 29th.

This is the second time that the central bank has raised the deposit reserve rate this month, the fifth time this year.

What is the impact of the rising reserve requirement ratio on public life and market prices? A recent survey by reporters found that some people thought that the reserve requirement rate increased, which led to a doubling of confidence in stabilizing prices.

Experts pointed out that this policy will not affect the property market too much, but developers and property buyers will further increase their financing and loans from banks.

On the morning of 23 am, reporters interviewed dozens of passers-by on seven roads and Yuan Yuan Street. Although some of the citizens did not have a clear impact on the life of the increase in the deposit reserve ratio, they said they would play a very important role in restraining the rising prices.

Mr. Wang, who is an accountant in a private enterprise, said that since September, the impact of price increases on life has been realistically felt. Although careful calculations are made, the monthly expenditure is only about 30% higher than that of a few months ago.

He thinks that raising the deposit reserve rate may not have immediate effect on the consumer price index (CPI), but at least it can give residents confidence and hope for price stability.

For this round of deposit reserve rate increase, industry experts believe that in the context of the introduction of real estate control measures, once again raised the deposit reserve ratio, aimed at price increases, but limiting liquidity will definitely affect the source of property market funds.

In this regard, sun 100 customer director Tao Xiaozhi said that unlike Beijing, Shanghai and other tier cities, the Ji'nan property market turnover is more often the impact of market supply rather than policy.

In addition, unlike real estate prices in the first tier cities, the increase in housing prices in Ji'nan is caused by hardware improvements.

Tao Xiaozhi also said that the deposit reserve ratio was raised more for inflation and rising prices. However, because bank loans are one of the important financing channels for the real estate industry, this has released a signal that the next step is that it may be more difficult for real estate developers to obtain loans from banks.

Faced with the successive rise in the deposit reserve ratio, experts say banks can be used to lend money.

Experts: a comprehensive impact on the economy

Professor Li Tiegang, vice president of the school of economics and director of the real estate research center of Shandong University, believes that the deposit reserve rate increase is expected to play an all-purpose role in curbing inflation, preventing bubbles in the two markets of real estate and stock markets, and preventing investment overheating.

All the problems in the field, therefore, the implementation environment of this policy is very suitable. It can play a package of regulatory role, and the intensity of policy regulation will also be strengthened.