January trillion in new credit, or breaking the deposit reserve ratio is expected to re-adjust

 Although the parties
new credit be strictly controlled, but the reporter has learned, in January 2011 new credit or breakthrough trillion mark. After the Spring Festival, the upcoming series of economic data, a new round of monetary policy also Ruqierzhi. In addition to the central bank announced late on February 8 by 0.25 percentage point interest rate increase, the industry expects the deposit reserve ratio will also be adjusted once again usher in the near future.

new year, bank lending strong impulse. A state-owned large brokerage houses, told reporters that the bank pay attention to While the first two weeks of January this year, lending a slight contraction of the scale than the same period last year, but not contraction. But into the second half, along with the central bank window guidance, and raising the deposit reserve ratio, part of the impulse to be inhibited bank lending, credit slowed down, some banks even as tight liquidity or credit lines used up, there suspended loans situation.

New credit in 0900 to 1300 billion yuan are possible. However, considering a mid to late branches of the main big firms head office has been receiving an urgent circular calling for the impact of tightening credit this month, is expected in January new yuan loans to commercial banks will reach 1.1 trillion yuan.

Although the January credit
super trillion, but the 1.39 trillion yuan last year compared with the incremental, or significant decline, which also showed strong initial success of monetary policy. The central bank in last year's fourth quarter monetary policy report that the financing of bank credit as a society an important component of the total, but also social and economic development with the primary objective of achieving consistent, especially considering the economic growth target and inflation control target, from a very special period of the crisis state of turning a modest growth. To this end, the industry is expected by the Spring Festival and the impact of banks to control the size of loans, in February of the new credit will be apparent contraction.

8
central bank announced interest rates for the first time during the year 2011, but still can not believe this but the central bank will lower the deposit reserve ratio to continue to use the possibility of tools. Although January is more a liquidity tight, but Lu political commissar, chief economist at Societe Generale bank that announced in February to increase the possibility of a reserve ratio remains high. Analysts pointed out that raising the deposit reserve ratio of banks lending on the one hand can suppress the impulse, but also contribute to contraction of liquidity and curb inflation expectations.

reporter noted that the central bank in mid-November last year the implementation of some differences in bank reserve ratio, the policy will expire in mid-February this year. Industry insiders believe the central bank likely to delay, so we can not rule out the February re-use of different tools may reserve ratio. (Reporter Dandan Miao Yan)