hexun Exchange channel on May 12, the people's Bank of China decided, as of May 18, 2011, deposit financial institutions renminbi deposit reserve rate 0.5% per cent.
hexun exchange channels wired Beihang University, Dean of economic management Han Liyan. He said the raising the deposit reserve rates, mainly deal with the constant inflows of "hot money" and take targeted action.
Han Liyan believes that April macroeconomic statistics, March added Exchange account for da 407.9 billion yuan, while raising the deposit reserve ratio 0.5%, can basically recycled the same amount of liquidity, with the Central tickets on sale today, form a unified action. Elimination of the impact of foreign exchange.
also precisely because of this, because raising the deposit reserve rate and interest rates are trying to achieve different, so the two basic is between independent, there is no interaction. Also because its main goal is to recycle too much foreign exchange accounted for, rather than to tighten, so it does not have a greater impact on domestic interbank rates, more limited effect on the domestic economy.
