Reserve refers to the deposit that financial institutions need to prepare to ensure customers' withdrawal of deposits and fund settlement, which accounts for the proportion of total deposits in the central bank's deposit reserve ratio. Funds with higher deposit reserve ratio are used for loans with less credit expansion capacity. In China, it is determined by the minimum reserve ratio of the People's Bank of China.
To this end, the central government clearly requires that price stability be the primary task of monetary policy, and the policy should be adjusted from a moderately loose direction. We should enforce the law to manage the flood of liquidity in this gate, adopt a comprehensive management method to control money and water, and "collect", "persuade" and "block" simultaneously.
"Income" means reducing the money supply. From 20 1 1, the People's Bank of China issued a signal of "approaching". As of the beginning of July, the benchmark interest rate of RMB deposits and loans has been raised three times, and the deposit reserve ratio has been raised six times, reaching 2 1.5%, a record high. We will continue to use a variety of monetary policy tools flexibly, strengthen liquidity management, promote moderate growth of money and credit, and control monetary conditions for rising prices.
"Persuade" is to guide the flow of funds. Managing liquidity does not mean tightening in an all-round way, but insisting on "helping to control" and focusing on optimizing the credit structure and the key areas and weak links of money flow. It is necessary to guide funds to invest in strategic emerging industries, energy-saving and environmental protection industries, modern service industries and scientific and technological innovation, and to invest in small and medium-sized enterprises, employment, students and "rural areas" to help the poor, so as to better serve economic development and improve people's livelihood.