Therefore, the central bank's reduction of the deposit reserve ratio directly affects the working capital that banks can use, and the response is to expand the liquidity of banks. Simply put, banks can lend more money to enterprises or individuals to promote investment and activate the economy.
So the deposit reserve ratio has no direct impact on your deposit interest rate.
Only when the central bank adjusts the benchmark deposit interest rate will it have an impact on the reference interest rate and interest of commercial banks.
Deposit reserve refers to the deposits deposited by financial institutions in the central bank, which is used to ensure the needs of customers to withdraw deposits and settle funds. The ratio of the deposit reserve required by the central bank to its total deposit is the deposit reserve ratio.
Since 20 1 1, the central bank has raised the deposit reserve ratio four times in a row, once a month, which is rare in history. On 20th11June14th, the central bank announced that it would raise the deposit reserve ratio by 0.5 percentage points. This is also the sixth time that the central bank raised the deposit reserve ratio during the year. 201165438+February, the central bank lowered the deposit reserve ratio for the first time in three years; 2065438+In February 2002, the deposit reserve ratio was lowered again.
On April 20 18, the People's Bank of China decided to reduce the RMB deposit reserve ratio 1 percentage point for large commercial banks, joint-stock commercial banks, city commercial banks, non-county rural commercial banks and foreign banks, and the medium-term loan facility (MLF) due on the same day.
In order to support the development of the real economy and promote the steady decline of comprehensive financing costs, the People's Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points on 20021215 (except for financial institutions that have implemented the 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions is 8.4%. In order to strengthen the foreign exchange liquidity management of financial institutions, the People's Bank of China decided to raise the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points from 2002115, that is, the foreign exchange deposit reserve ratio was raised from the current 7% to 9%.
Deposit reserve, also known as legal deposit reserve or deposit reserve, refers to the deposits prepared by financial institutions in the central bank to ensure customers' withdrawal of deposits and settlement of funds. The ratio of the deposit reserve required by the central bank to its total deposit is the deposit reserve ratio. By adjusting the deposit reserve ratio, the central bank can influence the credit expansion ability of financial institutions, thus indirectly regulating the money supply. RDR, namely RMB deposit reserve ratio, is the full name of RMB deposit reserve ratio. Deposit reserve is a fund prepared to limit the credit expansion of financial institutions, ensure customers to withdraw deposits and meet the needs of fund settlement. The statutory deposit reserve ratio is the ratio of the deposit reserve paid by financial institutions to the central bank in accordance with regulations to the total deposits. This part is a risk reserve and cannot be used to issue loans. The higher the ratio, the greater the intensity of the tightening policy. The impact of changes in the deposit reserve ratio on commercial banks is as follows:
grow
When the central bank raises the statutory reserve ratio, the ability of commercial banks to provide loans and create credit will decline. Because the reserve ratio increases, the money multiplier becomes smaller, which reduces the ability of the whole commercial banking system to create credit and expand the scale of credit. As a result, the monetary policy in society is tight, the money supply is reduced, interest rates are raised, and investment and social expenditure are correspondingly reduced. or vice versa, Dallas to the auditorium
For example, the deposit reserve ratio is 7%, which means that every time a financial institution absorbs 6.5438+0 million yuan in deposits, it must deposit 70,000 yuan in the central bank, and the funds used to issue loans are 930,000 yuan. If the deposit reserve ratio is raised to 7.5%, the loanable funds of financial institutions will be reduced to 925,000 yuan.
system
Under the deposit reserve system, financial institutions can't use all the deposits they absorb to issue loans, so they must keep certain funds, that is, deposit reserve, in case customers need to withdraw money. Therefore, the deposit reserve system is conducive to ensuring the normal payment of financial institutions to customers. With the development of financial system, deposit reserve has gradually evolved into an important monetary policy tool. When the central bank reduces the deposit reserve ratio, the funds available for loans by financial institutions increase, and the total amount of loans and money supply in society also increase accordingly; On the contrary, the total amount of social loans and money supply will decrease accordingly.
develop
By adjusting the deposit reserve ratio, the central bank can influence the credit expansion ability of financial institutions, thus indirectly regulating the money supply. The excess deposit reserve ratio refers to the ratio of the reserves retained by commercial banks that exceed the statutory deposit reserve to all current deposits. From a morphological point of view, excess reserves can be cash or highly liquid financial assets, such as reserve deposits in central bank accounts.
Since 2006, China's economy has grown rapidly, but the contradictions in economic operation have become more prominent, and the momentum of excessive investment growth has not diminished. One of the main reasons for the rapid growth of investment is the rapid growth of money and credit. Raising the deposit reserve ratio can correspondingly slow down the growth of money and credit and maintain the healthy and coordinated development of the national economy.