Money supply up 18% in August

时间：2007-09-14 06:24:05

（单词翻译:单击）

Sept. 13 - China's financial system remained stable in August, the central bank said yesterday.

 

The annual growth in the broad measure of money supply, or M2, was 18.09 percent in August from the same period last year, according to the People's Bank of China (PBOC).

 

The narrow measure of money supply, or M1, continued to grow in August at 22.77 percent year-on-year, the PBOC said.

 

In August, new bank loans increased 302.9 billion yuan as total bank loans rose to 27.1 trillion yuan (US$3.59 trillion), an increase of 16.96 percent year-on-year.

 

Total bank deposits increased 646.2 billion yuan in August. But household bank deposits continued to slide, falling 41.8 billion yuan from July.

 

Consumer price index increased 6.5 percent in August from a year earlier mainly on food costs.

 

Jun Ma, chief economist1 at Deutsche Bank (Hong Kong), said he believes the likely timing2 of next interest rate rise will be in the second half of September.

 

PBOC raised the amount that commercial banks must hold in reserves to 12.5 percent last week, in order to strengthen liquidity3 management in the banking4 system and curb5 the fast rise in loans.

 

Earlier in August, the central bank had raised interest rates for the fourth time this year.

 
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1 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
2 timing rgUzGC     
n.时间安排，时间选择
参考例句：
  • The timing of the meeting is not convenient.会议的时间安排不合适。
  • The timing of our statement is very opportune.我们发表声明选择的时机很恰当。
3 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
4 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
5 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。

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