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 / Policy Watch

Central bank lowers reserve ratio

By Chen Jia (chinadaily.com.cn) Updated: 2015-04-19 19:59

Central bank lowers reserve ratio

A woman walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, in this file picture taken June 21, 2013. [Photo/Agencies]

Increased liquidity expected to help economic growth

China's central bank announced it was lowering the amount of cash that all financial institutions need to reserve starting on Monday.

The move will release liquidity of at least 1.2 trillion yuan ($197 billion) to support economic growth.

It is the second reserve requirement ratio cut in three months. The?one percentage point drop was the largest since November 2008.

An extra 1 percentage point cut in the ratio will be given to commercial banks for agricultural services and an additional reduction of 2 percentage points to the Agricultural Development Bank of China, the People's Bank of China said.

It will further lower the ratio by 0.5 percentage points for eligible banks that lend a certain amount of money to agricultural borrowers or to small and micro businesses.

This change is expected to lift the stock market on Monday after the benchmark index hit a seven-year high last week, said Zong Liang, an economist at Bank of China International.

Lu Zhengwei, chief economist at Industrial Bank, commented that the cut was "inevitable" but "a little bit late", as the funds outstanding for foreign exchange have continued to drop since April last year, which means market liquidity has actually tightened.

Cutting the reserve requirement ratio is more effective in reducing loan costs for industrial companies than decreasing the benchmark interest rate, Lu said.

Commercial banks' lending costs for new loans are higher than industrial profit in recent months, according to economists, especially in March when the growth in industrial output declined to a post-crisis low of 5.6 percent, down from 6.8 percent in the first two months of the year and from 7.9 percent in December.

Dragged down by the sluggish manufacturing production and historic low for fixed-asset investment in the first quarter, China experienced a six-year low in GDP growth.

Zhou Xiaochuan, the country's central bank governor, said on Saturday that China still has scope to further ease monetary policy.

chenjia1@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 美国一级毛片视频 | 亚洲成人黄色在线 | 免费观看a视频 | 久久精品3| a国产在线 | 欧美精品一区二区三区免费 | 1024香蕉国产在线视频 | 日本一区二区三区高清在线观看 | 精品国产a | 成年人在线视频网站 | 久久免费99精品久久久久久 | 99久久久国产精品免费播放器 | 黄a在线观看 | 日本人一级毛片免费视频 | 成人在线观看网址 | 欧美一级毛片高清毛片 | 日本欧美一级aaaaa毛片 | 精品一区二区视频 | 日韩精品在线观看免费 | 久久精品国产一区二区三区日韩 | 韩国精品一区二区三区在线观看 | 国产一区二区免费视频 | 97国内免费久久久久久久久久 | 精品欧美成人高清视频在线观看 | 国产成人啪精品午夜在线观看 | 成人a免费α片在线视频网站 | 性欧美巨大 | 15—17女人毛片 | 国产一区二区三区久久小说 | 亚洲欧美一区二区视频 | 国产精品一区二区资源 | 在线视频一区二区三区三区不卡 | 久草免费资源视频 | 成 人免费视频l免费观看 | 欧美aaaaa激情毛片 | 国产精品性视频免费播放 | 欧美一级毛片特黄黄 | 日韩亚洲欧美一区二区三区 | 国产在线精品一区二区高清不卡 | 中国成人在线视频 | 99精品这里只有精品高清视频 |