rift platinum but the latter needs to be continued tight monetary policy. In recent years - MIS

The 1th page: after falling 400 billion flowing to where the 2nd page: reserve currency "anti-reverse" tool page 3rd deposit rate cut should be based on careful wary of overshooting the 4th page: reserve requirements lower inflation risks are still on the 5th page: deposit rates downward consolidation of stock-market policies from the end of the current policy, Central banks have been very much hope that this liquidity to increase flows to small and medium enterprises of small and micro-enterprises, however, as these enterprises's anti-risk capability is poor monetary policy lack of early warning of this, entirely possible the flow of such funds is inconsistent with policy-oriented direction, cause prices again went out of control and promoting CPI rebounded. Markets awaited this year for the first time reduced depositReserves action, finally here. On February 18, the Central Bank announcement said, on February 24, lowered deposit financial institutions renminbi deposit reserve rate 0.5%. ����According to estimates, with the implementation of this drop in the next few days at a time, will have a $ 400 billion liquidity released, entering the market. Reserve this lever to adjustMarket liquidity is a means frequently used in recent years by the Central Bank, which has become an important tool of monetary policy of the Central Government's macro-economic control. Premier Wen Jiabao said at the recently held a forum on multiple macroeconomic regulation and control policy of preconditioning, trimmer will start from the first quarter. Central Bank of this action is based on the end of last year, of changes in the macroeconomic situation at the beginning of the yearMake a preconditioning and fine-tuning. January economic figures released were concentrated to one must face the facts: implemented since last year's monetary tightening policy was the problem of inadequate market liquidity, has direct impact on the functioning of the real economy, it actually keeps the CPI balance the significance of the discount. Therefore, the reduction of the Central Bank must be in view of the current economicRun a timely adjustments to a new change. Then, after this reduction, 400 billion yuan of funds are released to be able to change the current economic problems? To answer the question, key to where the flow of these funds can be released. We must not forget is that in order to combat the global financial crisis in late 2008 of harassing, Introduced moderation is lenient in our country's monetary policy, the major commercial banks actively lending. However, the easing of liquidity does not flow to the needs of the real economy rift platinum, especially the most needed funds to support private enterprises, but to go to a lot of government investment project and the real estate market, stock market and other fields, resulting in foam flood in the virtual economy, its legacy to this day have notCan be completely eliminated. Liquidity of the Bank release occurs because of this situation, this is the profit by the nature of the funds. In General, the effectiveness of funds is always to the best and most "money begets money" way, but the practice has proved that such flows are not only useless in the real economy healthy, but due to virtual economy created a bubble economy excess flood, Cause the macro in a very unstable state. ����Therefore, when you now need appropriate relaxation of monetary policy, the release of funds flowing to where is a problem must be treated carefully. From the current policy, due to the small and medium enterprises are the first to feel a tightening of monetary policy in the period before the negative effects, so the Central Bank is very much hope that this liquidityGreater flows of SMEs small and micro-enterprises, however, due to small and medium enterprises, small poor risk-resistant ability of micro-enterprises eq2 platinum, commercial banks to lend to its performance has been very cautious. In commercial bank's point of view, their attitude was understandable star wars the gold republic credits, but, if the monetary policy for the lack of early warning, then the credit of commercial banks to control more goodsAfter the coin, the flow of funds may be inconsistent with the policy direction, leading to price out again, promoting the CPI to rebound. In addition, we must pay attention to a phenomenon that, prior to the drop, many people have been advocating on the stock market drop, creating an illusion for investors, seemed to drop is to promote the rising stock market, which is currentlyStock market authorities demand a high degree of agreement. ����Banks drop, of course, is not to the stock market, or even impossible to have this kind of consideration, however when thinking this market formed a powerful force of public opinion when it interference in monetary policy is impossible to ignore. Central banks can drop into the liquidity to the market, but not specifically order each of the commercial banksCredit to the nation where. At present, is the biggest problem facing China's economic slowdown and pressures of rising prices, the former need monetary easing, but the latter needs to be continued tight monetary policy. In recent years, rates of Central Bank reserve requirements for frequently used the tools of monetary policy, but in various situations that may arise under this policy there is a lack of maturation of competitorsParagraph. ����Therefore, for the reduction of exactly what kind of effect on macroeconomic trends also need central banks for better monitoring, real guarantee of 400 billion yuan of liquidity released. Related topics: Bank 2012 first cut deposit reserve rate