Boots finally landed ---- raise the deposit reserve ratio again after the comments

 Boots finally landing
mm to raise the deposit reserve ratio again reviewed after Beijing yesterday 
the whole, the People's Bank of China announced to raise the statutory reserve by 0.5 percentage points. The international market news agency reporters in Beijing in one time a telephone interview me, I would like to hear this comment. Earlier this year, especially since the January 16 to raise the deposit reserve, Reuters news agency and other international markets to foreign media in Beijing, many journalists to interview I have to ask the possibility of raising interest rates and when interest rates first, I have been given analysis is less likely to raise interest rates, of course, still room to raise interest rates, as early as mid-February in the March primary macro data out and then decide whether to raise interest rates, and I stress the central bank to raise interest rates beyond the use of means of tightening is more likely, such as issuing central bank bills,UGG boots, directional instruments, to raise the statutory deposit reserve ratio, repurchase and so on. In the announcement in February CPI 8.7%, the interest rate and the forecast calls for the voice of a sudden, interest rates, but I still think that interest rates less likely. of course,UGG shoes, overlooking the main macroeconomic data in February, I think the central bank will be introduced austerity measure. Sure enough, the boots finally hanging floor yesterday.
Yesterday, the reporter asked me, after adjusting the reserve ratio hike is still possible, I recently have been impossible to answer, and to remind him to Later, perhaps in Beijing the next morning the Federal Reserve will cut interest rates, at least 0.5 percentage points lower, which will further increase the difficulty of China's central bank to raise interest rates. Sure enough, this morning I opened the computer to see the Fed has already announced reduction interest rates 0.75 percentage points.
, of course, China is not taking into account not just hike to the United States and other major international currencies, interest rate cuts the channel, but the main thing is to consider the actual situation of the country. inflation does not necessarily lead interest rates. whether it is from China in the past, or from other countries, past and present view, the state of negative interest rates is not uncommon, but often there. For China's current economic state, I do not agree to raise interest rates, mainly because if the main use means of raising interest rates for investment and not significantly inhibit the effective, but for consumer harm is immeasurable, while not conducive to the development of China's stock market. In particular, interest rates did not inhibit the current China's high inflation, Because China's current demand-pull inflation and caused atypical. China's current food prices mainly by rising food prices and boost the international market, China's own grain supply and demand did not change much, even said that the supply situation very well. Petroleum prices, from an international point of view, mainly due to two factors: First, the weak dollar, the second is a lot of money the oil speculation and hype. from the international market, oil supply and demand did not change much, still the basic balance of supply and demand. From China, China's crude oil price is a basic reference to the international oil futures market, China's refined oil prices despite government control, but the magnitude and frequency of price adjustment is also the main reference to international market changes,UGG boots cheap, so , nor is it due to demand-pull. This is what I do not want to predict the central bank increased interest rates and interest rates are not the main basis.
sustained fall in Chinese stock market recently, the author's view, this mainly because the market worried about the central bank will take further response to the austerity measures. Today, the central bank's measures have been introduced, boots finally landed,UGGs, the Chinese stock market may be able to re-enter the normal state.