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This quote is just one of 6 total Li Ruoyu quotes in our collection. Li Ruoyu is known for saying 'It indicates the central bank still wants to keep its control of money and has no intention to get expansive. It is still emphasizing prudence.' as well as some of the following quotes.
I don't think the jump is mainly caused by the revaluation of RMB. The main reason, I believe, is that commercial banks are tempted to put money in the inter-bank market where potential risks are lower than lending.
Monetary policy has to be somewhat accommodative, since a tightening in credit will likely cause liquidity difficulties in businesses that are suffering from overcapacity.
This quote is just one of 6 total Li Ruoyu quotes in our collection. Li Ruoyu is known for saying 'It indicates the central bank still wants to keep its control of money and has no intention to get expansive. It is still emphasizing prudence.' as well as some of the following quotes.