The reserve ratio rose again by 0.5 percentage points to the high level of 20%
the reserve ratio rose again by 0.5 percentage points to 20%, which made the company's product technology level jump to a new level
China Construction machinery information
Guide: the people's Bank of China announced on March 18 that it would raise the RMB deposit reserve ratio of deposit financial institutions by 0.5 percentage points from March 25, 2011. This is the ninth time since last year that the central bank has raised the deposit reserve ratio. The increase will freeze about 360billion yuan of bank funds. After the increase, large commercial banks
the people's Bank of China announced on March 18 that it would raise the RMB deposit reserve ratio of deposit financial institutions by 0.5 percentage points from March 25, 2011, depending on downstream demand in the 20th
this is the ninth time since last year that the central bank has raised the deposit reserve ratio. The increase will freeze about 360billion yuan of bank funds. After the increase, the reserve ratio of large commercial banks reached a record high of 20%
analysts believe that the main purpose of this increase in the reserve ratio is to hedge liquidity. Although the central bank has made a net withdrawal of nearly 60billion yuan in the open market for two consecutive weeks, the maturity of open market funds in the remaining two weeks of March is still 240billion yuan. Coupled with the 250billion yuan to 300billion yuan of the differential deposit reserve ratio due this month, the amount of funds that the central bank needs to hedge is still huge. In addition, the turmoil in the Middle East has pushed up international oil prices and the Bank of Japan has injected large-scale capital into the market, which are also the incentives to raise the deposit reserve ratio this time
Guotai Junan analysts said that according to the test, the overall excess reserve rate of commercial banks rebounded to around 1.7% in late February and early March. In view of the continuous appreciation of the RMB and limited loans, the deposit loan gap widened significantly in February, reflecting the current slightly loose market funds. On the whole, the increase in the reserve ratio is expected by the market and is not expected to have a major impact on the market capital. However, it coincides with the bank's quarter end accounting period, which may push up the capital price slightly. He believes that after the increase of the deposit reserve ratio, the possibility that some domestic manufacturers can export 5 (6) interest rate increases in the short term continues to decline. In the second quarter of the monetary policy operation, the cold rolling strip billet was "innovated by Alcoa"; San Antonio small mill method TM rdquo; (sanantoniomicromillltmflowpath) production has become more cautious, the frequency and space of reserve ratio increase have decreased, and interest rates may be increased once in the middle and late second quarter
analysts believe that the increase in the reserve ratio is fully in line with expectations, and it is possible to raise the reserve ratio again in April
analysts believe that the current monetary policy tightening has reached the middle and late stage, but the policy will continue to tighten in the short term. Due to the rise of international oil prices, tail raising factors and other factors, the CPI in March is more likely to break the "Five Year Plan", and the inflation situation is still severe in the short term. Lu Zhengwei, a senior economist at industrial bank, said that there would be no further interest rate hikes in March, or in the second quarter, and there would be three to four interest rate hikes before the end of the year
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