国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

BIZCHINA / Top Biz News

PBOC move to further curb lending
(Xinhua)
Updated: 2006-06-20 14:02

The People's Bank of China (PBOC) on Monday ordered commercial banks to further cut back on lending, following last Friday's move that requires them to keep more reserves at the central bank.

The central bank needed to tighten up the banking system's liquidity management, further curb the excessive growth of money and credit, and continue to guide commercial banks on controlling the size of medium- and long-term loans, said the bank directive.

The PBOC raised China's benchmark lending rates by 27 basis points in late April, but the economy has shown no signs of slowing from its 10.3 percent growth rate in the first quarter, according to the May economic data.

Chinese banks extended 209.4 billion yuan (26.1 billion U.S. dollars) worth of local currency loans in May alone, nearly double that of the same month last year, the PBOC said.

The PBOC on Friday announced it was increasing the reserve ratio for commercial banks by 0.5 percentage points from July 5.

The move will bring the reserves that most banks are required to keep on deposit with the central bank to 8 percent, taking about 150 billion yuan in funds out of circulation.

The PBOC directive, issued after a quarterly meeting held by the bank's monetary committee, said macro-policies should be coordinated in an effort to "actively expand consumer spending, optimize the investment structure and rein in the already fast growth of investment".


(For more biz stories, please visit Industry Updates)

 
 

顺义区| 宁德市| 马鞍山市| 上高县| 正定县| 耒阳市| 垣曲县| 通山县| 大安市| 衡山县| 且末县| 尚志市| 新化县| 镇坪县| 钟祥市| 沧州市| 蚌埠市| 江油市| 乌鲁木齐县| 锦屏县| 娱乐| 嘉荫县| 罗山县| 香格里拉县| 衢州市| 永州市| 玉树县| 西乌| 大安市| 东海县| 旌德县| 马鞍山市| 邵东县| 丰顺县| 新丰县| 东方市| 永福县| 来凤县| 上蔡县| 屏南县| 乐清市|