Bank reserve ratio raised for 9th time

时间：2007-11-12 08:09:16

（单词翻译:单击）

BEIJING, Nov. 11 - China will raise the reserve requirement ratio by half a percentage point for commercial banks in an effort to cool the booming economy, the People's Bank of China said Saturday.

 

The move, which will take effect from Nov. 26, will push the ratio to a ten-year high of 13.5 percent.

 

It is the ninth hike this year aimed at "strengthening liquidity1 management in the banking2 system and checking excessive credit growth", the central bank said in a statement posted on its Web site.

 

The move came shortly after the central bank announced earlier this week its prediction that China's economy would expand more than 11 percent for the whole of 2007, with inflation rising 4.5 percent.

 

To ensure rational credit growth, the central bank also said it would continue to implement3 a tightened4 monetary5 policy and take a variety of measures to strengthen the macro-control.

 

By the end of September, the M2, which covers cash in circulation plus all deposits, grew by 18.45 percent from a year ago to 39.3 trillion yuan (5.2 trillion U.S. dollars).

 

China's commercial banks lent out 3.36 trillion yuan in the first nine months, surpassing the full-year figure of 2006.

 
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1 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。
2 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。
3 implement WcdzG     
n.(pl.)工具，器具；vt.实行，实施，执行
参考例句：
  • Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
  • The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。
4 tightened bd3d8363419d9ff838bae0ba51722ee9     
收紧( tighten的过去式和过去分词 )； （使）变紧； （使）绷紧； 加紧
参考例句：
  • The rope holding the boat suddenly tightened and broke. 系船的绳子突然绷断了。
  • His index finger tightened on the trigger but then relaxed again. 他的食指扣住扳机，然后又松开了。
5 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

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