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    Central bank chief: any monetary tool possible  

    周小川回應央行天量逆回購:哪種工具都不排除

    針對中國央行近期連續“大手筆”逆回購向市場注資,中國央行行長周小川22日出席中國社科院金融研究所十年慶論壇后表示,央行不會排除使用任何形式的貨幣政策工具。

    2012-08-23 10:34 Ecns.cn     Web Editor: Mo Hong'e comment

    Beijing (CNS) – The central bank will employ every necessary monetary tool to deal with the economic downturn, Zhou Xiaochuan, president of the People's Bank of China, has said.

    Zhou spoke Wednesday in Beijing at the 10th Anniversary Forum of the Financial Research Institute of the Chinese Academy of Social Sciences.

    The central bank pumped 220 billion yuan (US$34.9 billion) into the banking system via reverse repurchasing on Tuesday, marking a record daily high since the operation was launched in May. The effect was equal to cutting the banks' reserve requirement ratio (RRR) by 25 base points.

    The reverse repurchase operation will dampen expectations of another cut to the RRR, experts said.

    China has cut its interest rate and RRR twice this year in a bid to boost the economy.

     

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    周小川回應央行天量逆回購:哪種工具都不排除

    針對中國央行近期連續“大手筆”逆回購向市場注資,中國央行行長周小川22日出席中國社科院金融研究所十年慶論壇后表示,央行不會排除使用任何形式的貨幣政策工具。

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