Saturday, February 18, 2012

China - Central Bank Reducing Bank Deposits





央行货币政策专题:
Special Topics of the Central Bank's Currency Policy:

中国人民银行决定,从2012年2月24日起,下调存款类金融机构人民币存款准备金率0.5个百分点。
The People's Central Bank of China decided to adjust bank deposits of its financial system. Starting on February 24, 2012, there is going to happen a reduction of the Renminbi [Yuan] deposit rate by 0.5 percent points.

存款准备金率下调对股市投资者利好
The planned reduction of the deposit rate should benefit stock market investors.

存准率下调 不说明楼市调控放松
Decrease of deposit rate [should not necessarily be understood as] a regulation to get the slackening real estate market under control.

Editor's Note: 楼市 = 房地产行业
Source of News: People's Network, Beijing, on February 18, 2012.




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