中国降低存款准备金应对春节提款潮.docxVIP

中国降低存款准备金应对春节提款潮中国降低存款准备金应对春节提款潮China cuts reserve ratios for big five banks temporarily amid cash crunch-sourcesChina has allowed its five biggest banks to temporarily lower the amount of money that they must hold as reserves to relieve pressure in its financial system as demand for cash surges ahead of the Lunar New Year holiday, three sources with direct knowledge of the matter said.三家内部消息源透露，中国允许其金融系统中五家最大的银行暂时性降少用作存款准备金的现金数额，以缓解春节假期前大量提取现金的浪潮所带来的压力。The People’s Bank of China (PBOC) has cut the reserve requirement ratio (RRR) for the banks by a full percentage point, taking the ratio down to 16 percent, the sources said.消息源透露，中国人民银行将存款准备金率下调至16%，降低了整整1个百分点。The central bank’s move, its first reduction in RRR in nearly a year, comes after it pumped a record amount of liquidity into markets this week in a bid to avert a cash crunch heading into the country’s biggest holiday of the year.这是中国人民银行近一年来首次降低存款准备金率。实行此举前，中国人民银行为了避免在中国最重要假期前出现现金枯竭的状况而向市场注入创纪录的流动性。Earlier this week, short-term funding costs had spiked to their highest levels in nearly 10 years on fears that liquidity was sharply tightening, sparking a jump in the yuan currency.本周初，短期资金成本攀升至近十年来的最高值，市场担忧流动性大幅缩紧，造成人民币价值的跳水。But China watchers polled by Reuters had not expected a cut in RRR until the third quarter of 2017, as such a move would put more pressure on the ailing yuan.但是路透社所采访的中国观察人士都认为2017年第三季度前存款准备金率不会降低，因为这会使人民币的处境雪上加霜。Key funding and money market rates had shown signs of easing on Friday after the PBOC’s massive injections, but remained well above normal levels.主要基金和资金市场指数在中国人民银行大规模注入现金后出现平缓的迹象，但是仍处于正常水平以下。’A STRANGE MOVE’“怪异的举动”Today’s move seems to suggest that liquidity conditions are tighter than authorities’ expectations, as capital outflows remain strong, said Zhou Hau, senior emerging markets economist at Commerzbank in Singapore.新加坡德国商业银行的资深新兴市场经济学家Zhou Hau表示：“中国人民银行今日的举动表明流动性现状比中国当局所设想的更为严峻，资本外流现象仍然十分严重。”But in the meantime, an outright easing will add pressure on the yuan exchange rate