PBOC increases reserve ratio_财经新闻

PBOC increases reserve ratio

文章来源：文章作者：发布时间：2006-11-06 00:15 字体： [大中小]　进入论坛

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China raised the bank deposit reserve ratio on Friday for the third time this year in a bid to rein¹ in excessive liquidity² in the banking³ system.

Nov. 4 - China raised the bank deposit reserve ratio on Friday for the third time this year in a bid to rein in excessive liquidity in the banking system.

The half-point percentage hike, which will take effect from November 15, will see the deposit reserve ratio the proportion of deposits that banks must hold in the central bank raised to 9 per cent for big State banks and joint-stock banks and to 9.5 per cent for smaller banks, including urban credit co-operatives.

"The problem of excessive liquidity has been alleviated⁴ somewhat thanks to the central bank's efforts to soak them up by deploying⁵ a mixture of monetary⁶ instruments," the central bank said in a statement on its website.

"However, the striking surplus in its international payments still remains⁷ outstanding and fresh excessive liquidity is still cropping up," the central bank said.

The latest reserve ratio hike comes amid signs that the central bank's previous monetary tightening⁸ policies are working.

The central bank announced similar increases on June 16 and July 21.

The central bank has also increased interest rates twice since late April in a bid to cool the red-hot economy that expanded 10.9 per cent in the first half of this year, raising concerns then that the economy may have overheated.

The closely watched indicator⁹ of broad money supply, or M2, which covers cash in circulation and deposits, grew 16.83 per cent in September from a year earlier, down from 17.9 per cent growth the previous month.

It was up 18.4 per cent in July from a year earlier.

The economy, which surged to a stunning¹⁰ 11.3 per cent in the second quarter, slowed to 10.4 per cent in the third quarter.

The central bank said the move, which is expected to freeze about 150 billion yuan (US$19 billion) in liquidity, aims to consolidate¹¹ its "liquidity-soaking" achievements.

"The move shows that the central bank has become more proactive in its monetary policy," said Han Meng, an economist¹² at the Chinese Academy of Social Sciences.

"But if the foreign trade surplus still maintains the current momentum¹³ and the inflow of foreign investment still climbs briskly, the central bank will still face a tough task in reining¹⁴ in the liquidity," the economist said.

China's foreign trade surplus hit US$109.9 billion in the first nine months of this year, while foreign direct investment stood at US$42.59 billion in the same period.

"The central bank will continue to stick to its sound monetary policy, keeping the policy stable and consistent," the central bank stressed in the statement.

"It will maintain a steady increase of credit and encourage the expansion of direct financing to spur the national economy in a sustainable, co-ordinated and healthy development," the central bank said.

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收听单词发音

1 rein
n.疆绳，统治，支配；vt.以僵绳控制，统治
参考例句：
The horse answered to the slightest pull on the rein.只要缰绳轻轻一拉,马就作出反应。 He never drew rein for a moment till he reached the river.他一刻不停地一直跑到河边。

2 liquidity
n.流动性，偿债能力，流动资产
参考例句：
The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。 The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

3 banking
n.银行业，银行学，金融业
参考例句：
John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。 He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

4 alleviated
减轻，缓解，缓和( alleviate的过去式和过去分词 )
参考例句：
It is always completely alleviated by total gastrectomy. 全胃切除永远完全缓解症状。 Toxicity problem in manufacturing and storage might be alleviated by coating beryllium with aluminum. 但如果用铝包覆铍，则可避免加工过程中及储存期间的中毒问题。

5 deploying
（尤指军事行动）使展开( deploy的现在分词 )；施展；部署；有效地利用
参考例句：
Provides support for developing and deploying distributed, component-based applications. 为开发和部署基于组件的分布式应用程序提供支持。 Advertisement, publishing, repair, and install-on-demand are all available when deploying your application. 在部署应用程序时提供公布、发布、修复和即需即装功能。

6 monetary
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。 Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

7 remains
n.剩余物，残留物；遗体，遗迹
参考例句：
He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。 The remains of the meal were fed to the dog.残羹剩饭喂狗了。

8 tightening
上紧，固定，紧密
参考例句：
Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。 It needs tightening up a little. 它还需要再收紧些。

9 indicator
n.指标；指示物，指示者；指示器
参考例句：
Gold prices are often seen as an indicator of inflation.黃金价格常常被看作是通货膨胀的指标。 His left-hand indicator is flashing.他左手边的转向灯正在闪亮。

10 stunning
adj.极好的；使人晕倒的
参考例句：
His plays are distinguished only by their stunning mediocrity.他的戏剧与众不同之处就是平凡得出奇。 The finished effect was absolutely stunning.完工后的效果非常美。

11 consolidate
v.使加固，使加强；(把...)联为一体，合并
参考例句：
The two banks will consolidate in July next year. 这两家银行明年7月将合并。 The government hoped to consolidate ten states to form three new ones.政府希望把十个州合并成三个新的州。

12 economist
n.经济学家，经济专家，节俭的人
参考例句：
He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。 He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

13 momentum
n.动力，冲力，势头；动量
参考例句：
We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。 The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

14 reining
勒缰绳使（马）停步( rein的现在分词 )；驾驭；严格控制；加强管理
参考例句：
"That's a fine bevy, Ma'm,'said Gerald gallantly, reining his horse alongside the carriage. "太太！好一窝漂亮的云雀呀！" 杰拉尔德殷勤地说，一面让自己的马告近塔尔顿的马车。 I was a temperamental genius in need of reining in by stabler personalities. 我是个需要由更稳重的人降服住的神经质的天才。

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