Secondly, excess reserve ratio of variable was analyzed with principal component analysis, reaching the external economic environment factor and the internal economic factor. 其次,对超额准备金率(ERR)变量进行主成分分析,得出外部经济环境因子与内部经济环境因子。
The Impact of Falling of Excess Reserve Ratio(ERR) upon Banking Industry 超额准备金利率下调对银行业的影响
Foreign exchange has become main source of excess liquidity of China. Raising the reserve deposit ratio and issuing central bank bills can only temporarily seal excess liquidity, but not eliminate inflation and asset price bubble that excess liquidity brought. 外汇占款成为中国流动性过剩的主要来源,而提高存款准备金率和发行央行票据只能暂时封存过剩流动性,实际上并没有消除流动性过剩带来的通货膨胀和资产价格泡沫预期。
Due to the severe excess liquidity, the PRC has hiked the deposit reserve ratio several times since April, 2006 in order to tighten the money supply and control the excess liquidity. 由于经济体系中的流动性过剩问题日趋严重,中国人民银行连续上调存款准备金率,以期通过这种重量级的货币政策来收缩银行体系的货币供给,从而有效地控制流动性过剩。
It added that additional steps would likely be needed, including further mopping-up of excess liquidity by the central bank, but possibly also including additional hikes in benchmark interest rates and or the reserve requirement ratio. 国际货币基金组织补充说,可能有必要进一步采取措施,包括由央行进一步吸收过剩流动性,可能还包括进一步调升基准利率和/或存款准备金率。