What is the impact of lowering the foreign exchange reserve ratio?
First of all, banks can have more foreign exchange at their disposal. Because the foreign exchange reserve ratio is lowered, the foreign exchange deposits paid by banks to the central bank will decrease, and the corresponding discretionary foreign exchange deposits will increase.
On the one hand, the increase of disposable foreign exchange can make banks have more foreign exchange for foreign exchange loans, thus pushing down the interest on foreign exchange loans. Because if the bank's foreign exchange deposits become abundant after the foreign exchange reserve ratio is lowered, it may rob high-quality loan customers by lowering the foreign exchange loan interest rate.
On the other hand, it will also prevent the interest rate of foreign exchange deposits from rising. After the reduction of the foreign exchange reserve ratio, the bank's foreign exchange deposits will increase, and the tension of foreign exchange deposits will be alleviated, so the motivation for the increase of foreign exchange deposit interest rates will be weakened.
Secondly, it can affect the exchange rate between RMB and foreign currency. The purpose of reducing the foreign exchange reserve ratio is to increase the foreign exchange supply, which may cause the exchange rate of foreign currency to fall against RMB, that is, the foreign exchange depreciates against RMB.
What is the impact on the people?
First of all, the direct impact of the reduction of foreign exchange reserve ratio on the people is relatively small. On the one hand, China's foreign exchange deposits are relatively small, and the reduction of the foreign exchange deposit reserve ratio has little impact on the money supply market.
China's foreign exchange deposits are about 1 trillion US dollars, equivalent to more than RMB 6 trillion. Although it looks a lot, it is still relatively small compared with more than 240 trillion RMB deposits. Foreign exchange deposits account for less than 2.7% of the total deposits in China.
If the foreign exchange reserve ratio is lowered by 1%, the released foreign exchange deposits will be 10 billion US dollars, and the average share will be less than $0/0 per person in China, which obviously will not have much impact.
On the other hand, most ordinary people seldom touch foreign exchange, even if there is foreign exchange demand, they can go to the bank to exchange foreign exchange. Whether the bank has this $654.38+0 billion is more or less will not affect the exchange.