www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

PBOC pledges to increase liquidity supply

(Agencies) Updated: 2012-04-19 10:14

BEIJING - China will increase liquidity via open market operations and cutting banks' required reserves to steer the economy towards a soft landing, the official Xinhua news agency quoted an unnamed central bank official as saying late on Wednesday.

The People's Bank of China will "increase reverse repo operations and cut the reserve requirement ratio at an appropriate time ... to release liquidity," the official was quoted as saying in an interview with the state news agency.

"We will take comprehensive and effective measures to make pre-emptive policy adjustment at appropriate time and pace so as to guide steady and appropriate growth in money and credit supply, to keep banking system liquidity at a reasonable level and to support stable and relatively fast economic growth," the official said.

The remarks - consistent with the easing policy bias that has been in place since autumn 2011 when Premier Wen Jiabao unveiled his "fine-tuning" campaign to support growth - came after China's bank lending surged in March to 1.01 trillion yuan ($160 billion), the biggest credit extension since January 2011.

Broad M2 money supply also rose to a three-month high of 13.4 percent in March from a year earlier, ahead of forecasts for 12.9 percent growth and following February's 13 percent expansion, data from the central bank showed last week.

The stronger-than-expected credit data has led some analysts to question whether the PBOC might slow the pace of easing, given that existing measures appear to have gained traction.

Economists polled by Reuters last month said they expected 150 basis points of RRR cuts for the remainder of this year, with two cuts of 50 bps in the second quarter and one in Q3.

The unnamed central bank official also told Xinhua that almost 800 billion yuan of liquidity will be unlocked in the second quarter and liquidity supply will remain sufficient.

Analysts estimate that about 400 billion yuan of liquidity is released into China's financial system with every 50 bps cut in RRR.

The interview with Xinhua did not mention any outright cut in interest rates, in line with the market consensus in the Reuters poll that such a move is unlikely.

Meanwhile, the central bank would support the financing demand of the central government's key investment projects, affordable housing construction as well as mortgage loans for people buying their first homes for self use, the official said.

The central bank would also create easier and more diversified channels to meet funding demand from small companies, such as allowing them to issue bonds, the official said.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 久久精品视频免费 | 美女把张开腿男生猛戳免费视频 | 一国产一级淫片a免费播放口 | 亚洲精品一区91 | 欧美一区二区三区免费高 | 伊人爱爱网 | 精品成人在线 | 一区二区三区国模大胆 | 久久久久久久久久久96av | 日韩成人免费在线视频 | 亚洲欧美韩国 | 香蕉久久夜色精品国产尤物 | 欧美日韩视频在线第一区二区三区 | 国产精品久久久久久久午夜片 | 精品91一区二区三区 | 午夜国产精品不卡在线观看 | 欧美日韩一区二区在线视频 | 欧美一级毛片在线播放 | 日韩一区在线播放 | 69凹凸国产成人精品视频 | 欧美国产成人精品一区二区三区 | 国产综合亚洲专区在线 | 久国产精品视频 | 99热久久精品免费精品 | 一色屋色费精品视频在线看 | 一级毛片在线不卡直接观看 | 女人扒开腿让男人捅啪啪 | 午夜宅男在线永久免费观看网 | 久草勉费视频 | 午夜不卡视频 | 午夜视频在线观看一区二区 | 国产成a人片在线观看视频 国产成版人视频网站免费下 | 欧美一级日本一级韩国一级 | 亚洲伊人色一综合网 | 在线一区免费视频播放 | 欧美成人免费观看国产 | 免费视频 久久久 | 午夜丝袜美腿福利视频在线看 | 网红主播大尺度精品福利视频 | 欧美综合自拍亚洲综合百度 | 国产一级毛片视频 |