has directed the central bank cut the part of the rural commercial bank rmb deposit reserve ratio by 50 basis points to 16%, to encourage agriculture-related loans. as the total assets of rural financial institutions, financial institutions, the proportion of total assets was only 11.3% of 2010,borse miu miu spaccio woolrich net exposure jinpin, coupled with the reduction involves only part of the agricultural firm, so the overall liquidity of the community with minimal impact. on the current macroeconomic situation, the overall reduction in deposit conditions are not ripe precision.
bank deposit
precision directional adjustment,sac vuitton, or the implementation of rate policy is to keep accurate tool of choice for the current round of macro control, interest rate instruments is due to worries of a hard landing are often more cautious. so keep an overall decrease in precision can be regarded as a sign of the end time round event,borse miu miu dream memory -chanel chanel hr helena esteelauder, but in the present time has not come down.
current inflation level is still substantially higher than 4% of the policy objectives, the future is expected to continue to decline based on tightening policy remains unchanged basis. the current round of inflation is not due to overheating of the economy, but awash with liquidity and commodity prices caused by the revaluation of assets due. so is fully relaxed, not only depends on whether the economy is in danger of a hard landing,sac louis vuitton, but also the flood of liquidity is significantly improved. although the slowdown in external demand, the decline in investment and other real estate disturbance, but the next two years, relying on endogenous growth of china's economic power to achieve 8.5% growth rate is larger than the probability of an event, so
however, the liquidity situation is not optimistic. new lending this year will be about 7.5 trillion yuan,sac louis vuitton posts from the world of warcraft category at massi, when the economy overheated in 2007, more than double; 1-10 month cumulative foreign exchange added 2.9 trillion yuan,louis vuitton pas cher, slightly lower than the year 2007; the first three quarters of the community financing of the total 9.8 trillion yuan, 1.65 times the year 2007; put in two consecutive years,louis vuitton sac, the amount of days after 1-october m2 (new standard) is still up 12.9%. therefore,sacs louis vuitton, not blinders, to micro-enterprises and small private enterprises financing,sac louis vuitton, financing costs are high, and some areas of non-bank financial activities such as disorderly expansion of strand breaks lead to localized funding issues, interpreted as a liquidity shortage in the community as a whole, and therefore advocate macro-control move prematurely.
also, relaxation of the policy may lead to premature rebound in inflation and housing market regulation halfway alert, especially the latter. the current housing market has entered the deep water regulation, whether from a cut the deposit rate of premature accurate to the real economy, water, it means that the housing market regulation halfway.
keep the use of quasi-rate policy, depending on the new foreign exchange and commercial bank lending rhythm. this time round, the rmb appreciation is expected to continue to weaken and rising global risk aversion makes the new foreign exchange volatility was falling trend. since the end of september this year, the formation of the expected devaluation of the rmb and the european debt crisis worsened, making the new foreign exchange in october, a net decrease of 24.89 billion yuan a rare,miu miu, large out of the market expected. in view of renewed appreciation of the renminbi expected, coupled with seasonal factors, expected in november,sacs louis vuitton, the new foreign exchange back on $ 100 billion. therefore, the monthly foreign exchange transactions alone reduced deposit on the overall precision, can not help but abrupt. even if considered prudent decision-makers have to wait until the corresponding data released in november and before the camera to take action. credit, the current situation worse, since the beginning of the credit will also control a hasty end, worth the candle.
relaxed precision in the calls kept behind the words, in addition to over-exaggerated simple to understand. beginning of this year, china's economy showed context of depression (such as the asian financial crisis). with the downward trend in inflation,miu miu sito ufficiale, initially established in the premise of continued anti-inflation, pre-tune fine-tuning of macro-control in order to promote the smooth recovery of the real economy is the question of the meaning,moncler donna, rather than from the switch. therefore, in short, the central bank on the part of the existence of quasi-agricultural firms rate cut, which is still prelude. (department of insurance funds bohai weijun liang)