• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Analysis Of The Central Bank Raising The Deposit Reserve Rate Without Raising Interest Rates

    2010/11/12 10:57:00 56

    Central Bank Deposit Reserve Rate Plus Interest Rate

    The people's Bank of China has decided to increase the deposit reserve ratio of deposit financial institutions by 0.5 percentage points from November 16, 2010.

    I did some sort of correlation between current situation and monetary policy.

    Central Bank

    The 6 point of view is to raise the deposit reserve ratio instead of raising interest rates.


    1. the problem of negative interest rate is disturbed by the inflow of hot money.

    Increase interest

    It will increase risks.


    In the process of RMB appreciation, the US and Japan suddenly adopted a new round of quantitative easing monetary policy. At this time, raising interest rates again will stimulate a large amount of inflow of hot money, thus further enhancing the pressure of RMB appreciation, making our economic growth and employment environment greatly affected when the structural adjustment is not in place. In addition, raising interest rates will increase the financing cost of enterprises, coupled with the appreciation of the renminbi, the rise in commodity prices, and the limited ability of internal and external market consumption, and the profitability of enterprises will be greatly affected.


    2. the intensity of price control is increasing, but the severity of liquidity is not decreasing. Therefore, the volume tightening policy is still the main theme in the future.


    Recent price increases mainly come from agricultural products and bulk commodity markets. The state has adopted some measures to prevent inflation.

    However, the problem of liquidity abuse is still serious.

    Because in the early stage of the bailout, the government has invested a lot of "high liquidity" currency, and now, because of the lack of "new growth point" support in the internal and external market, the first stage of rescue funds began to show signs of "redundancy".

    In view of this, rapid withdrawal of funds is also an urgent task for the central bank.


    3. tightening monetary policy is aimed at hedging the US and Japan.

    monetary policy

    Influence.


    4. to raise the reserve ratio is to alleviate the foreign exchange payment pressure caused by the trade surplus.


    In any case, the more foreign currencies come in, the greater the scale of the corresponding RMB issuance. This will further intensify the pressure of inflation in China.

    The contraction of silver is also a hedge against such foreign currency holdings.


    5. because loans are controlled, raising interest rates will only increase bank costs.


    The increase of the deposit reserve ratio is also a supplementary measure to coordinate with the CBRC's rectification of bank loan business, while raising interest rates is not the case.

    Although interest rates after interest rates remain unchanged for banks, the recent increase in interest rates is actually a serious blow to banks' profits because of the recent tightening of credit business.


    6. tightening monetary policy is aimed at easing the pressure on the recent appreciation of the renminbi.


    We have to control inflation pressure directly by intervening prices and adjusting supply and demand, while the pressure on appreciation is alleviated by indirect control of hot money inflow and tightening of monetary policy (hedging the "basic currency").


    In short, our monetary policy, on the one hand, needs to channel funds into the real economic sector through interest rate and exchange rate price signals, so as to create a "new growth point" urgently needed to get rid of the crisis and absorb the flood of liquidity. On the other hand, we should control the inflow of hot money and idle funds into fictitious economic sectors or "speculative" speculation of the real sector of the economy by means of quantity regulation, so as to prevent further deterioration of inflation and asset bubbles.

    • Related reading

    柴油荒背后映射的是“制度荒”

    Macro economy
    |
    2010/11/12 10:52:00
    46

    貨幣政策收緊步伐可能加快

    Macro economy
    |
    2010/11/11 16:27:00
    23

    Central Bank Announces Increase In Deposit Reserve Ratio

    Macro economy
    |
    2010/11/11 16:18:00
    53

    The Former Federal Reserve Chairman Criticized China For Continuing To Prevent RMB Appreciation.

    Macro economy
    |
    2010/11/11 16:15:00
    40

    溫家寶:堅決防止大拆大建 盲目建高樓等現象

    Macro economy
    |
    2010/11/11 15:59:00
    33
    Read the next article

    Li Shufu: "I Will Let Volvo Catch Up With Mercedes Benz BMW".

    As a new family member of the Swedish national treasure brand, Li Shufu's answer brightened the king and academicians: Geely's goal is to restore Volvo's past glory to catch up with Mercedes Benz and BMW.

    主站蜘蛛池模板: 免费a级黄毛片| 好吊色欧美一区二区三区四区 | 国产精品二区在线| 亚洲欧美激情小说另类| 97免费人妻无码视频| 污网站免费在线观看| 欧美亚洲综合在线| 国产精品多p对白交换绿帽| 亚洲国产成人99精品激情在线 | 亚洲人成网站999久久久综合| 91在线激情在线观看| 欧美成人在线视频| 国产精品一区欧美激情| 亚洲色精品vr一区二区三区| 中文字幕成人在线| 翁房中春意浓王易婉艳 | 福利一区福利二区| 夜色邦合成福利网站| 亚洲日本久久一区二区va| 你懂的视频在线播放| 日韩精品武藤兰视频在线| 国产亚洲欧美bt在线电影| 中文字幕一精品亚洲无线一区 | 国产精品免费看久久久久| 亚洲乱码精品久久久久..| 成人精品一区二区户外勾搭野战| 日本韩国一区二区| 四虎影在线永久免费四虎地址8848aa| 一级特黄特色的免费大片视频 | 欧美最猛性xxxxx短视频| 国产精品亚洲а∨无码播放麻豆| 久久青草精品一区二区三区| 884hutv四虎永久黄网| 日韩欧美一区二区三区免费观看 | 国产一起色一起爱| 一千零一夜电影无删减版在线看 | 晚上睡不着正能量网址入口| 国产一级一片免费播放| 久久一本色系列综合色| 粉嫩虎白女P虎白女在线| 国产色产综合色产在线视频|