The central bank raised the deposit reserve rate hike before the Spring Festival substantially reduce the probability of

 Lu
recent media reported in early January, construction workers and peasants in the total amount of new loans, the big four has already reached 240 billion yuan. Last December, four lines of new loans is only about 1600 million.


Data Figure: China's central bank announced the evening of 14, from 20 January 2011, the raised deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points. Vegetation agency issued photo

political commissar, chief economist at Industrial Bank, said this raised the deposit reserve ratio of excessive credit growth with no necessary link. The main reason is that central banks need to hedge financial deposit outflows, hedge foreign exchange as well as open market operations to supplement the weak.

Lu political commissar of the forecast, Q1 2011, the deposit reserve ratio rise at least once a month. The end of 2011, large commercial banks raised the deposit reserve ratio, or 23%.

central bank last raised the reserve ratio is 20 December 2010. Analysts pointed out that since the New Year, China's state bank credit rose sharply, so that regulators alert. However, this raised the deposit reserve ratio, the probability of a rate hike before the Spring Festival has been greatly reduced.

China news agency, Beijing, January 14 (Reporter Zhou Rui) - the evening of 14 China's central bank announced that from January 20, 2011, the raised deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points. After the adjustment, large commercial banks deposit reserve ratio will reach 19% of the record, the freezing of funds is expected in 4000 billion.