PBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut_老虎社区_美港股上老虎

PBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut

Bloomberg2021-07-13

(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary policy, the People’s Bank of China said. “The RRR cut is a standard ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/pboc-reiterates-monetary-policy-unchanged-082456300.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary policy, the People’s Bank of China said.\n“The RRR cut is a standard ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pboc-reiterates-monetary-policy-unchanged-082456300.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"https://finance.yahoo.com/news/pboc-reiterates-monetary-policy-unchanged-082456300.html","article_id":"1177521948","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1177521948","pubTimestamp":1626167508,"columns":[],"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a chang","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".DJI":"道琼斯","000001.SH":"上证指数"},"translate_title":"中国央行重申货币政策不变","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,"000001.SH":0.9},"content_text":"(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary policy, the People’s Bank of China said.\n“The RRR cut is a standard liquidity operation after monetary policy returned to normal and the prudent monetary policy direction has not changed,” Sun Guofeng, head of the central bank’s monetary policy department, said at a press briefing Tuesday. That was a reiteration of what the bank said when it announced the reduction last Friday.\nMonetary policy will be kept flexible, targeted, reasonable and appropriate, Ruan Jianhong, head of the statistics and analysis department at the bank, said at the same briefing. The RRR cut will help lower aggregate financing costs, she said.\nThe PBOC announced Friday it would cut the reserve requirement ratio by 0.5 percentage point for most banks, the first reduction since the height of the pandemic last year. The move went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery.\nPBOC Adviser Sees Stable China Liquidity After Reserve Ratio Cut\nThe cut will take effect Thursday and will release 1 trillion yuan ($155 billion) of long-term liquidity into the economy. It underscores the divergence between China’s macro policy and that of the U.S., where the Federal Reserve is accelerating its projection of stimulus tapering.\nThe move has stoked debate about whether a new policy easing cycle is beginning, even though most analysts think the likelihood of an interest rate cut this year is low.\nChina’s credit growth has basically matched the pace of nominal gross domestic product expansion in the first half of 2021 and will continue to do so for the rest of the year, Ruan said. Credit expansion in June was stronger than expected, with a large rise in new loans indicating the central bank has slowed its tightening of credit policy amid increasing uncertainties in the economy’s recovery.\nChina will create an appropriate monetary environment to support high-quality development in the second half of the year, Sun said, adding that the central bank will maintain monetary policy autonomy and base policy on domestic price levels and economic conditions.\nChina’s Factory Inflation Peaks as Commodity Prices Steady\nThe officials dismissed concerns around surging producer prices, saying the increase is temporary and price levels are basically under control. PPI is expected to remain at elevated levels into the third quarter before slowing in the fourth quarter and next year, Sun said.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":142425951,"gmtCreate":1626170145073,"gmtModify":1633929444756,"author":{"id":"3564654698806900","authorId":"3564654698806900","name":"火星投资狼","avatar":"https://static.tigerbbs.com/e07a54590dfa2f7a0c7649fff90653d3","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3564654698806900","idStr":"3564654698806900"},"htmlText":"G[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","listText":"G[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","text":"G[Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142425951","repostId":1177521948,"repostType":4,"repost":{"id":"1177521948","kind":"news","pubTimestamp":1626167508,"share":"https://www.laohu8.com/m/news/1177521948?lang=zh_CN&edition=full","pubTime":"2021-07-13 17:11","market":"sh","language":"en","title":"PBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut<blockquote>尽管意外降准，中国人民银行重申货币政策不变</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177521948","media":"Bloomberg","summary":"(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a chang","content":"<p>(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary policy, the People’s Bank of China said.</p><p><blockquote>（彭博社）--中国人民银行表示，最近银行必须保留的货币储备数量的减少并不意味着中国货币政策的改变。</blockquote></p><p> “The RRR cut is a standard liquidity operation after monetary policy returned to normal and the prudent monetary policy direction has not changed,” Sun Guofeng, head of the central bank’s monetary policy department, said at a press briefing Tuesday. That was a reiteration of what the bank said when it announced the reduction last Friday.</p><p><blockquote>央行货币政策司司长孙国峰周二在新闻发布会上表示：“降准是货币政策回归常态后的标准流动性操作，稳健的货币政策方向没有改变。”这是该银行上周五宣布降息时所说的话的重申。</blockquote></p><p> Monetary policy will be kept flexible, targeted, reasonable and appropriate, Ruan Jianhong, head of the statistics and analysis department at the bank, said at the same briefing. The RRR cut will help lower aggregate financing costs, she said.</p><p><blockquote>央行统计分析部负责人阮建宏在同一次吹风会上表示，货币政策将保持灵活、定向、合理、适度。她表示，降准将有助于降低总体融资成本。</blockquote></p><p> The PBOC announced Friday it would cut the reserve requirement ratio by 0.5 percentage point for most banks, the first reduction since the height of the pandemic last year. The move went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery.</p><p><blockquote>中国人民银行周五宣布，将把大多数银行的存款准备金率下调0.5个百分点，这是自去年疫情最严重以来的首次下调。此举超出了许多经济学家的预期，表明人们越来越担心经济复苏步履蹒跚。</blockquote></p><p> PBOC Adviser Sees Stable China Liquidity After Reserve Ratio Cut</p><p><blockquote>中国央行顾问认为降准后中国流动性稳定</blockquote></p><p> The cut will take effect Thursday and will release 1 trillion yuan ($155 billion) of long-term liquidity into the economy. It underscores the divergence between China’s macro policy and that of the U.S., where the Federal Reserve is accelerating its projection of stimulus tapering.</p><p><blockquote>此次降息将于周四生效，将向经济释放1万亿元人民币（1550亿美元）的长期流动性。这凸显了中国宏观政策与美国宏观政策之间的分歧，美国美联储正在加速缩减刺激计划。</blockquote></p><p> The move has stoked debate about whether a new policy easing cycle is beginning, even though most analysts think the likelihood of an interest rate cut this year is low.</p><p><blockquote>此举引发了关于新一轮政策宽松周期是否开始的争论，尽管大多数分析师认为今年降息的可能性很低。</blockquote></p><p> China’s credit growth has basically matched the pace of nominal gross domestic product expansion in the first half of 2021 and will continue to do so for the rest of the year, Ruan said. Credit expansion in June was stronger than expected, with a large rise in new loans indicating the central bank has slowed its tightening of credit policy amid increasing uncertainties in the economy’s recovery.</p><p><blockquote>阮表示，2021年上半年，中国的信贷增长基本与名义国内生产总值扩张的速度相匹配，并将在今年剩余时间内继续如此。6月信贷扩张强于预期，新增贷款大幅增加表明在经济复苏不确定性增加的情况下，央行放缓了收紧信贷政策的步伐。</blockquote></p><p> China will create an appropriate monetary environment to support high-quality development in the second half of the year, Sun said, adding that the central bank will maintain monetary policy autonomy and base policy on domestic price levels and economic conditions.</p><p><blockquote>孙表示，下半年中国将创造适当的货币环境，支持高质量发展，并补充说，央行将保持货币政策自主权，根据国内物价水平和经济状况制定政策。</blockquote></p><p> China’s Factory Inflation Peaks as Commodity Prices Steady</p><p><blockquote>随着大宗商品价格企稳，中国工厂通胀见顶</blockquote></p><p> The officials dismissed concerns around surging producer prices, saying the increase is temporary and price levels are basically under control. PPI is expected to remain at elevated levels into the third quarter before slowing in the fourth quarter and next year, Sun said.</p><p><blockquote>官员们驳斥了对生产者价格飙升的担忧，称上涨是暂时的，价格水平基本得到控制。孙表示，预计PPI将在第三季度保持在较高水平，然后在第四季度和明年放缓。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut<blockquote>尽管意外降准，中国人民银行重申货币政策不变</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut<blockquote>尽管意外降准，中国人民银行重申货币政策不变</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-07-13 17:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary policy, the People’s Bank of China said.</p><p><blockquote>（彭博社）--中国人民银行表示，最近银行必须保留的货币储备数量的减少并不意味着中国货币政策的改变。</blockquote></p><p> “The RRR cut is a standard liquidity operation after monetary policy returned to normal and the prudent monetary policy direction has not changed,” Sun Guofeng, head of the central bank’s monetary policy department, said at a press briefing Tuesday. That was a reiteration of what the bank said when it announced the reduction last Friday.</p><p><blockquote>央行货币政策司司长孙国峰周二在新闻发布会上表示：“降准是货币政策回归常态后的标准流动性操作，稳健的货币政策方向没有改变。”这是该银行上周五宣布降息时所说的话的重申。</blockquote></p><p> Monetary policy will be kept flexible, targeted, reasonable and appropriate, Ruan Jianhong, head of the statistics and analysis department at the bank, said at the same briefing. The RRR cut will help lower aggregate financing costs, she said.</p><p><blockquote>央行统计分析部负责人阮建宏在同一次吹风会上表示，货币政策将保持灵活、定向、合理、适度。她表示，降准将有助于降低总体融资成本。</blockquote></p><p> The PBOC announced Friday it would cut the reserve requirement ratio by 0.5 percentage point for most banks, the first reduction since the height of the pandemic last year. The move went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery.</p><p><blockquote>中国人民银行周五宣布，将把大多数银行的存款准备金率下调0.5个百分点，这是自去年疫情最严重以来的首次下调。此举超出了许多经济学家的预期，表明人们越来越担心经济复苏步履蹒跚。</blockquote></p><p> PBOC Adviser Sees Stable China Liquidity After Reserve Ratio Cut</p><p><blockquote>中国央行顾问认为降准后中国流动性稳定</blockquote></p><p> The cut will take effect Thursday and will release 1 trillion yuan ($155 billion) of long-term liquidity into the economy. It underscores the divergence between China’s macro policy and that of the U.S., where the Federal Reserve is accelerating its projection of stimulus tapering.</p><p><blockquote>此次降息将于周四生效，将向经济释放1万亿元人民币（1550亿美元）的长期流动性。这凸显了中国宏观政策与美国宏观政策之间的分歧，美国美联储正在加速缩减刺激计划。</blockquote></p><p> The move has stoked debate about whether a new policy easing cycle is beginning, even though most analysts think the likelihood of an interest rate cut this year is low.</p><p><blockquote>此举引发了关于新一轮政策宽松周期是否开始的争论，尽管大多数分析师认为今年降息的可能性很低。</blockquote></p><p> China’s credit growth has basically matched the pace of nominal gross domestic product expansion in the first half of 2021 and will continue to do so for the rest of the year, Ruan said. Credit expansion in June was stronger than expected, with a large rise in new loans indicating the central bank has slowed its tightening of credit policy amid increasing uncertainties in the economy’s recovery.</p><p><blockquote>阮表示，2021年上半年，中国的信贷增长基本与名义国内生产总值扩张的速度相匹配，并将在今年剩余时间内继续如此。6月信贷扩张强于预期，新增贷款大幅增加表明在经济复苏不确定性增加的情况下，央行放缓了收紧信贷政策的步伐。</blockquote></p><p> China will create an appropriate monetary environment to support high-quality development in the second half of the year, Sun said, adding that the central bank will maintain monetary policy autonomy and base policy on domestic price levels and economic conditions.</p><p><blockquote>孙表示，下半年中国将创造适当的货币环境，支持高质量发展，并补充说，央行将保持货币政策自主权，根据国内物价水平和经济状况制定政策。</blockquote></p><p> China’s Factory Inflation Peaks as Commodity Prices Steady</p><p><blockquote>随着大宗商品价格企稳，中国工厂通胀见顶</blockquote></p><p> The officials dismissed concerns around surging producer prices, saying the increase is temporary and price levels are basically under control. PPI is expected to remain at elevated levels into the third quarter before slowing in the fourth quarter and next year, Sun said.</p><p><blockquote>官员们驳斥了对生产者价格飙升的担忧，称上涨是暂时的，价格水平基本得到控制。孙表示，预计PPI将在第三季度保持在较高水平，然后在第四季度和明年放缓。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/pboc-reiterates-monetary-policy-unchanged-082456300.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/pboc-reiterates-monetary-policy-unchanged-082456300.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177521948","content_text":"(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary policy, the People’s Bank of China said.\n“The RRR cut is a standard liquidity operation after monetary policy returned to normal and the prudent monetary policy direction has not changed,” Sun Guofeng, head of the central bank’s monetary policy department, said at a press briefing Tuesday. That was a reiteration of what the bank said when it announced the reduction last Friday.\nMonetary policy will be kept flexible, targeted, reasonable and appropriate, Ruan Jianhong, head of the statistics and analysis department at the bank, said at the same briefing. The RRR cut will help lower aggregate financing costs, she said.\nThe PBOC announced Friday it would cut the reserve requirement ratio by 0.5 percentage point for most banks, the first reduction since the height of the pandemic last year. The move went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery.\nPBOC Adviser Sees Stable China Liquidity After Reserve Ratio Cut\nThe cut will take effect Thursday and will release 1 trillion yuan ($155 billion) of long-term liquidity into the economy. It underscores the divergence between China’s macro policy and that of the U.S., where the Federal Reserve is accelerating its projection of stimulus tapering.\nThe move has stoked debate about whether a new policy easing cycle is beginning, even though most analysts think the likelihood of an interest rate cut this year is low.\nChina’s credit growth has basically matched the pace of nominal gross domestic product expansion in the first half of 2021 and will continue to do so for the rest of the year, Ruan said. Credit expansion in June was stronger than expected, with a large rise in new loans indicating the central bank has slowed its tightening of credit policy amid increasing uncertainties in the economy’s recovery.\nChina will create an appropriate monetary environment to support high-quality development in the second half of the year, Sun said, adding that the central bank will maintain monetary policy autonomy and base policy on domestic price levels and economic conditions.\nChina’s Factory Inflation Peaks as Commodity Prices Steady\nThe officials dismissed concerns around surging producer prices, saying the increase is temporary and price levels are basically under control. PPI is expected to remain at elevated levels into the third quarter before slowing in the fourth quarter and next year, Sun said.","news_type":1,"symbols_score_info":{".DJI":0.9,"000001.SH":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":142460114,"gmtCreate":1626168733138,"gmtModify":1633929453559,"author":{"id":"4088569983236290","authorId":"4088569983236290","name":"Elephoon","avatar":"https://static.tigerbbs.com/92df929d992c9823a1f7851e14186769","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4088569983236290","idStr":"4088569983236290"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142460114","repostId":1177521948,"repostType":4,"repost":{"id":"1177521948","kind":"news","pubTimestamp":1626167508,"share":"https://www.laohu8.com/m/news/1177521948?lang=zh_CN&edition=full","pubTime":"2021-07-13 17:11","market":"sh","language":"en","title":"PBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut<blockquote>尽管意外降准，中国人民银行重申货币政策不变</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177521948","media":"Bloomberg","summary":"(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a chang","content":"<p>(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary policy, the People’s Bank of China said.</p><p><blockquote>（彭博社）--中国人民银行表示，最近银行必须保留的货币储备数量的减少并不意味着中国货币政策的改变。</blockquote></p><p> “The RRR cut is a standard liquidity operation after monetary policy returned to normal and the prudent monetary policy direction has not changed,” Sun Guofeng, head of the central bank’s monetary policy department, said at a press briefing Tuesday. That was a reiteration of what the bank said when it announced the reduction last Friday.</p><p><blockquote>央行货币政策司司长孙国峰周二在新闻发布会上表示：“降准是货币政策回归常态后的标准流动性操作，稳健的货币政策方向没有改变。”这是该银行上周五宣布降息时所说的话的重申。</blockquote></p><p> Monetary policy will be kept flexible, targeted, reasonable and appropriate, Ruan Jianhong, head of the statistics and analysis department at the bank, said at the same briefing. The RRR cut will help lower aggregate financing costs, she said.</p><p><blockquote>央行统计分析部负责人阮建宏在同一次吹风会上表示，货币政策将保持灵活、定向、合理、适度。她表示，降准将有助于降低总体融资成本。</blockquote></p><p> The PBOC announced Friday it would cut the reserve requirement ratio by 0.5 percentage point for most banks, the first reduction since the height of the pandemic last year. The move went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery.</p><p><blockquote>中国人民银行周五宣布，将把大多数银行的存款准备金率下调0.5个百分点，这是自去年疫情最严重以来的首次下调。此举超出了许多经济学家的预期，表明人们越来越担心经济复苏步履蹒跚。</blockquote></p><p> PBOC Adviser Sees Stable China Liquidity After Reserve Ratio Cut</p><p><blockquote>中国央行顾问认为降准后中国流动性稳定</blockquote></p><p> The cut will take effect Thursday and will release 1 trillion yuan ($155 billion) of long-term liquidity into the economy. It underscores the divergence between China’s macro policy and that of the U.S., where the Federal Reserve is accelerating its projection of stimulus tapering.</p><p><blockquote>此次降息将于周四生效，将向经济释放1万亿元人民币（1550亿美元）的长期流动性。这凸显了中国宏观政策与美国宏观政策之间的分歧，美国美联储正在加速缩减刺激计划。</blockquote></p><p> The move has stoked debate about whether a new policy easing cycle is beginning, even though most analysts think the likelihood of an interest rate cut this year is low.</p><p><blockquote>此举引发了关于新一轮政策宽松周期是否开始的争论，尽管大多数分析师认为今年降息的可能性很低。</blockquote></p><p> China’s credit growth has basically matched the pace of nominal gross domestic product expansion in the first half of 2021 and will continue to do so for the rest of the year, Ruan said. Credit expansion in June was stronger than expected, with a large rise in new loans indicating the central bank has slowed its tightening of credit policy amid increasing uncertainties in the economy’s recovery.</p><p><blockquote>阮表示，2021年上半年，中国的信贷增长基本与名义国内生产总值扩张的速度相匹配，并将在今年剩余时间内继续如此。6月信贷扩张强于预期，新增贷款大幅增加表明在经济复苏不确定性增加的情况下，央行放缓了收紧信贷政策的步伐。</blockquote></p><p> China will create an appropriate monetary environment to support high-quality development in the second half of the year, Sun said, adding that the central bank will maintain monetary policy autonomy and base policy on domestic price levels and economic conditions.</p><p><blockquote>孙表示，下半年中国将创造适当的货币环境，支持高质量发展，并补充说，央行将保持货币政策自主权，根据国内物价水平和经济状况制定政策。</blockquote></p><p> China’s Factory Inflation Peaks as Commodity Prices Steady</p><p><blockquote>随着大宗商品价格企稳，中国工厂通胀见顶</blockquote></p><p> The officials dismissed concerns around surging producer prices, saying the increase is temporary and price levels are basically under control. PPI is expected to remain at elevated levels into the third quarter before slowing in the fourth quarter and next year, Sun said.</p><p><blockquote>官员们驳斥了对生产者价格飙升的担忧，称上涨是暂时的，价格水平基本得到控制。孙表示，预计PPI将在第三季度保持在较高水平，然后在第四季度和明年放缓。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut<blockquote>尽管意外降准，中国人民银行重申货币政策不变</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut<blockquote>尽管意外降准，中国人民银行重申货币政策不变</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-07-13 17:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary policy, the People’s Bank of China said.</p><p><blockquote>（彭博社）--中国人民银行表示，最近银行必须保留的货币储备数量的减少并不意味着中国货币政策的改变。</blockquote></p><p> “The RRR cut is a standard liquidity operation after monetary policy returned to normal and the prudent monetary policy direction has not changed,” Sun Guofeng, head of the central bank’s monetary policy department, said at a press briefing Tuesday. That was a reiteration of what the bank said when it announced the reduction last Friday.</p><p><blockquote>央行货币政策司司长孙国峰周二在新闻发布会上表示：“降准是货币政策回归常态后的标准流动性操作，稳健的货币政策方向没有改变。”这是该银行上周五宣布降息时所说的话的重申。</blockquote></p><p> Monetary policy will be kept flexible, targeted, reasonable and appropriate, Ruan Jianhong, head of the statistics and analysis department at the bank, said at the same briefing. The RRR cut will help lower aggregate financing costs, she said.</p><p><blockquote>央行统计分析部负责人阮建宏在同一次吹风会上表示，货币政策将保持灵活、定向、合理、适度。她表示，降准将有助于降低总体融资成本。</blockquote></p><p> The PBOC announced Friday it would cut the reserve requirement ratio by 0.5 percentage point for most banks, the first reduction since the height of the pandemic last year. The move went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery.</p><p><blockquote>中国人民银行周五宣布，将把大多数银行的存款准备金率下调0.5个百分点，这是自去年疫情最严重以来的首次下调。此举超出了许多经济学家的预期，表明人们越来越担心经济复苏步履蹒跚。</blockquote></p><p> PBOC Adviser Sees Stable China Liquidity After Reserve Ratio Cut</p><p><blockquote>中国央行顾问认为降准后中国流动性稳定</blockquote></p><p> The cut will take effect Thursday and will release 1 trillion yuan ($155 billion) of long-term liquidity into the economy. It underscores the divergence between China’s macro policy and that of the U.S., where the Federal Reserve is accelerating its projection of stimulus tapering.</p><p><blockquote>此次降息将于周四生效，将向经济释放1万亿元人民币（1550亿美元）的长期流动性。这凸显了中国宏观政策与美国宏观政策之间的分歧，美国美联储正在加速缩减刺激计划。</blockquote></p><p> The move has stoked debate about whether a new policy easing cycle is beginning, even though most analysts think the likelihood of an interest rate cut this year is low.</p><p><blockquote>此举引发了关于新一轮政策宽松周期是否开始的争论，尽管大多数分析师认为今年降息的可能性很低。</blockquote></p><p> China’s credit growth has basically matched the pace of nominal gross domestic product expansion in the first half of 2021 and will continue to do so for the rest of the year, Ruan said. Credit expansion in June was stronger than expected, with a large rise in new loans indicating the central bank has slowed its tightening of credit policy amid increasing uncertainties in the economy’s recovery.</p><p><blockquote>阮表示，2021年上半年，中国的信贷增长基本与名义国内生产总值扩张的速度相匹配，并将在今年剩余时间内继续如此。6月信贷扩张强于预期，新增贷款大幅增加表明在经济复苏不确定性增加的情况下，央行放缓了收紧信贷政策的步伐。</blockquote></p><p> China will create an appropriate monetary environment to support high-quality development in the second half of the year, Sun said, adding that the central bank will maintain monetary policy autonomy and base policy on domestic price levels and economic conditions.</p><p><blockquote>孙表示，下半年中国将创造适当的货币环境，支持高质量发展，并补充说，央行将保持货币政策自主权，根据国内物价水平和经济状况制定政策。</blockquote></p><p> China’s Factory Inflation Peaks as Commodity Prices Steady</p><p><blockquote>随着大宗商品价格企稳，中国工厂通胀见顶</blockquote></p><p> The officials dismissed concerns around surging producer prices, saying the increase is temporary and price levels are basically under control. PPI is expected to remain at elevated levels into the third quarter before slowing in the fourth quarter and next year, Sun said.</p><p><blockquote>官员们驳斥了对生产者价格飙升的担忧，称上涨是暂时的，价格水平基本得到控制。孙表示，预计PPI将在第三季度保持在较高水平，然后在第四季度和明年放缓。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/pboc-reiterates-monetary-policy-unchanged-082456300.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/pboc-reiterates-monetary-policy-unchanged-082456300.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177521948","content_text":"(Bloomberg) -- The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary policy, the People’s Bank of China said.\n“The RRR cut is a standard liquidity operation after monetary policy returned to normal and the prudent monetary policy direction has not changed,” Sun Guofeng, head of the central bank’s monetary policy department, said at a press briefing Tuesday. That was a reiteration of what the bank said when it announced the reduction last Friday.\nMonetary policy will be kept flexible, targeted, reasonable and appropriate, Ruan Jianhong, head of the statistics and analysis department at the bank, said at the same briefing. The RRR cut will help lower aggregate financing costs, she said.\nThe PBOC announced Friday it would cut the reserve requirement ratio by 0.5 percentage point for most banks, the first reduction since the height of the pandemic last year. The move went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery.\nPBOC Adviser Sees Stable China Liquidity After Reserve Ratio Cut\nThe cut will take effect Thursday and will release 1 trillion yuan ($155 billion) of long-term liquidity into the economy. It underscores the divergence between China’s macro policy and that of the U.S., where the Federal Reserve is accelerating its projection of stimulus tapering.\nThe move has stoked debate about whether a new policy easing cycle is beginning, even though most analysts think the likelihood of an interest rate cut this year is low.\nChina’s credit growth has basically matched the pace of nominal gross domestic product expansion in the first half of 2021 and will continue to do so for the rest of the year, Ruan said. Credit expansion in June was stronger than expected, with a large rise in new loans indicating the central bank has slowed its tightening of credit policy amid increasing uncertainties in the economy’s recovery.\nChina will create an appropriate monetary environment to support high-quality development in the second half of the year, Sun said, adding that the central bank will maintain monetary policy autonomy and base policy on domestic price levels and economic conditions.\nChina’s Factory Inflation Peaks as Commodity Prices Steady\nThe officials dismissed concerns around surging producer prices, saying the increase is temporary and price levels are basically under control. PPI is expected to remain at elevated levels into the third quarter before slowing in the fourth quarter and next year, Sun said.","news_type":1,"symbols_score_info":{".DJI":0.9,"000001.SH":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":46,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}