WASHINGTON People's Bank of China announced late on Tuesday, financial institutions raised from today RMB benchmark deposit and lending interest rates. The one-year deposit and lending rates by 0.25 percentage points, respectively, other deposit and lending interest rate adjusted accordingly.
rate hike, the one-year lending rate raised to 5.81% from 6.06%, one-year deposit rate rose to 3.00% from 2.75%. China's central bank last October 19 and December 26 two more rate hikes, interest rate increase of 25 basis points. At that time, analysts pointed out that China is entering a cycle of interest rate increases, the central bank may keep raising interest rates will be around the Spring Festival.
Institute of Finance, the State Council Development Research Center, deputy director of Ba said that interest rates tend to choose higher growth rate in GDP, inflation and negative interest rates are expected stronger the more serious time. From the current situation, a number of brokerages, banks and other institutions are forecast, due to climatic factors and the Spring Festival, in January the domestic CPI may be high. In addition, although last year the central bank to raise interest rates twice, but the domestic real interest rates have remained negative for 11 consecutive months in the standard.
Industrial Bank (601,166 shares of it, prices, information, the main trading) financial operations center political commissar, chief economist of Lu, the central bank to raise interest rates and the upcoming January CPI data will be high a relationship, he predicted in January's CPI data or ascribed to 5.3%.
CITIC Securities (600,030 shares of it, prices, information, the main trading) Jian-Fang Zhu, chief economist also pointed out that the purpose is to control interest rates and inflation expectations, market regulation. But his view of the relatively optimistic inflation expectations, is just the beginning. Zuo Xiaolei, chief economist at Galaxy Securities, said the big interest rate environment, liquidity-based management and the degree of overheating economy, raising interest rates is to control the overheated economy and the means of market regulation, the rhythm of the central bank is once every two months, we believe that interest rates three times in the first half, provided there is a need to raise interest rates. reserve ratio and other measures will continue to be used. January 14, the central bank announced that from January 20, 2011 raised the deposit from financial institutions of RMB deposit reserve ratio by 0.5 percentage points, the increase, the large financial institutions deposit reserve ratio to 19% of the historical high, there are institutions forecast 2011 adjusted the deposit reserve ratio may reach 22% cap. A total of 3 1 [2] [3] Next Last
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