分析中国下调存准率以提振放贷.docVIP

分析 中国下调存准率以提振放贷?? 2015-02-06 21:20:07|??分类：?经济|字号?订阅 China’s?central?bank?cut?the?required?reserve保护区，准备，储蓄?ratio中国央行下调金融机构存款准备金率?for?its?banks?yesterday?as?it?stepped?up?efforts?to?counter?the?impact?of?capital?outflows作为加大努力抵消资本外流影响的努力步骤?and?encourage?banks?to?boost?lending?amid表示位置在。。。中间，处于。。环境中，由于。。。状况??fresh?data?showing?a?weakening?economy.在最新数据显示紧急趋弱的大背景之下?A?survey?published?on?Sunday?revealed?China’s?manufacturing?sector,?a?key?growth?driver?,contracted?in?January?for?the?first?time?in?more?than?two?years.?This?followed?news?last?month?of?在那之前，上个月发布的数据显示?the?weakest?gross?domestic?product?growth?最疲弱的中国国内生产总值in?24years?last?year. In?addition,?China?suffered?its?largest?capital?outflow最大的资本流出??on?record?in?the?fourth?quarter在第四季度?last?year,according?to?balance?of?payments?data?released?国际收支数据?on?Tuesday.?The?deficit?赤字?of?$91bn?on?the?capital?and?financial?accounts?was?the?worst?since?quarterly?季度的?data?were?first?compiled编译，编制??in?1998.?是1998年中国开始编制季度数据依赖China’s?foreign?exchange?reserves?also?fell?as?investors?sold?renminbi?and?bought?foreign?currency.随着投资者抛售人民币和买入外币，中国的外汇储备也有所下降 “The?most?important?reason?for?the?cut?is?liquidity?demand?in?the?banking?system,”?此次降低存款准备金率的最重要的原因是银行体系内的流动性的需要?said?HaibinZhu,?chief?China?economist?at?JPMorgan?in?Hong?Kong. “Forex外汇?reserve储备?accumulation积累?—?which?is?traditionally?an?important?channel?to?create?base?money创造基础货币的最重要渠道之一?—?is?no?longer?there.?That?creates?a?permanent?liquidity?gap?that?needs?to?be?filled.”这就创造了需要太不的永久流动性缺口The?required?reserve?ratio,?known?as?the?RRR,?specifies?the?portion?of?a?commercial?bank’s?deposits?存款?that?must?be?held?on?reserve储备?at?China’s?central?bank,?where?it?is?unavailable不可用的?for?loans?and?other?investments.存储准备金率规定了银行需将多大比例的存款缴存于中国央行作为准备金，这部分资金不能用于贷款和其他的投资 For?most?of?the?past?decade, “twin?surpluses剩余额”?on?both?the?current?and?capital?accounts?swelled肿胀，增强?China’s?foreign?exchange?reserves?and?its?domestic?money?supply.过去10年的大部分时间里面，中国经常账户和资本账户的“双顺差”导致中国的外汇储备和国内货币供应量出现膨胀 In?respons