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

Economy

Central bank pledges to intensify fight against inflation

By Wang Bo (China Daily)
Updated: 2010-11-25 09:32
Large Medium Small

BEIJING - China's central bank on Wednesday vowed to "steadily guide credit expansion back to normal levels" and strengthen liquidity management in an effort to curb inflation and cool rising inflation expectation.

The central bank will make full use of its policy tools, including the reserve requirement ratio and interest rate, to steer money and lending growth back to normal levels, said Hu Xiaolian, deputy governor of the People's Bank of China (PBOC), according to a statement posted on the central bank's website.

Central bank pledges to intensify fight against inflationProperty measures inspection launched
Related readings:
Central bank pledges to intensify fight against inflation Markets hit by investor concerns
Central bank pledges to intensify fight against inflation China needs to further rebalance economy: World Bank
Central bank pledges to intensify fight against inflation Central bank says 3% inflation goal in reach
Central bank pledges to intensify fight against inflation Bank stance to ease inflation risk
The statement is seen as another signal that the central bank has made taming inflation a top priority after China's consumer inflation rose to 4.4 percent in October, the fastest pace in 25 months. Too much liquidity was regarded as one of the main reasons.

The State Council issued a circular last week introducing a slew of measures, including increasing supplies, to cool inflation.

"The key task of monetary policy currently is to strengthen liquidity management, which is also a main way of normalizing monetary conditions," Hu said.

"Continuous money inflows, as a result of stronger expectation of yuan appreciation, are pushing up goods and asset prices and adding more difficulty to liquidity management," she added.

Hu admitted that the monetary authority is facing a challenge in keeping new loans within the 7.5 trillion yuan ($1.13 trillion) target it set at the beginning of the year, as lending expansion rebounded in recent months due to robust credit demand.

She said domestic lenders should take substantive measures to control the pace of credit growth for the rest of the year and continue to carry out differential mortgage loan policies for second and third home buyers.

Chinese banks extended 6.88 trillion yuan in new loans in the first 10 months of this year, accounting for 90 percent of the country's annual lending target even though there is still more than a month left of 2010.

"Tackling inflation will be an overarching policy priority - the lagging effect of massive monetary expansion in 2009 and 2010 will continue to provide strong tailwinds for inflation in the near term," Wang Qing, chief China economist at Morgan Stanley Asia said in a research note.

The central bank in October raised interest rates for the first time since 2007, a signal that the authority is returning to a "normalized" monetary policy as excessive liquidity fuels price risks. Since then it has twice asked banks to set aside more deposits as reserves to limit their capacity to lend.

"Rate hikes and liquidity management can and need to play a critical role to control inflation expectations and prevent food inflation from spreading to the general economy," Wang Tao, chief China economist at UBS Securities, said. She expects another interest rate hike before the end of the year.

Economists said fighting inflation is likely to become a top government priority next year, and the market is waiting to see what the policy tone will be at the upcoming economic work conference of the Party's central committee.

Policymakers will fine-tune the fiscal and monetary policy next year, if they are assured of the country's economic growth momentum, Cao Yuanzheng, chief economist at Bank of China International, said.

 
 

 

 

 

主站蜘蛛池模板: 国产精品日本一区二区在线播放 | 中文字幕成人免费高清在线视频 | 日韩一级黄色 | 午夜影院h | 国产综合久久久久 | 精品日韩在线 | 老师张开腿让我爽了一夜视频 | 久草国产在线观看 | 美女视频永久黄网站在线观看 | 欧美精品免费线视频观看视频 | 国产精品1区2区 | 一级毛片在线免费观看 | 精品400部自拍视频在线播放 | 欧美日韩中文字幕在线观看 | 老外黑人欧美一级毛片 | 亚洲国产一区在线精选 | 久久频这里精品99香蕉久 | 澳门一级特黄真人毛片 | 精品国产一区二区三区免费 | 亚洲欧美一区二区三区孕妇 | 欧美成人午夜免费完成 | 欧美日韩亚洲成色二本道三区 | 精品亚洲欧美高清不卡高清 | 国产成人免费午夜性视频 | 亚洲国产精品热久久2022 | 亚洲精品一区二区三区在线播放 | a级毛片免费在线观看 | jk制服福利在线播放 | 久久精品国产精品青草 | 亚洲在线高清 | 自拍偷自拍亚洲精品一区 | 国产一级片观看 | 色综合精品 | gv手机在线观看 | 手机在线看a | 午夜性刺激免费视频观看不卡专区 | 91久久精品国产91性色tv | 长腿校花被啪到腿软视频 | 色吊丝avav色吊丝 | 亚洲欧美日本综合一区二区三区 | 国产99久久九九精品免费 |