China can afford more bank reserve hike

来源：百度文库 编辑：神马文学网 时间：2024/04/28 15:27:31

China can afford more bank reserve hike

08:34, November 23, 2010      

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Last Friday China raised the required reserve ratio for its banks. Former vice central bank governor Wu Xiaoling says the country can afford to further raise the ratio. She's currently the vice chairperson of the National People's Congress' financial and economic affairs committee.

She says tighter liquidity will lead to a squeeze on bank lending, which in turn will push up lending rates. She adds although high inflation rates have pushed deposit rates to negative, hurting low income-earners, the central bank should focus on solving macro-econometric issues. She says the government can provide low-income groups with fiscal assistance.

Source: CNTV.cn

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