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存款准备金作为传统的三大货币政策工具之一,在中央银行货币政策中扮演着重要的角色。它不但在货币信贷数量控制、货币市场流动性和利率调节方面发挥着重要作用,而且在促进金融机构稳健经营、限制货币替代和资本流出入方面也有着举足轻重的地位。但就金融市场的调控方面,它依然存在着不足。自2007年以来,央行曾多次调整存款准备金率。近日,更是将此下调。本文将从各个方面分析下调存款准备金率对于金融市场的优点与缺陷,以及对未来金融市场发展的预测与建议。
As one of the three traditional monetary policy instruments, deposit reserve plays an important role in the central bank’s monetary policy. Not only does it play an important role in controlling the amount of money and credit, liquidity in the money market and the adjustment of interest rates, but it also plays an important role in promoting the sound operation of financial institutions, curbing currency substitution and capital inflows and outflows. However, there are still some deficiencies in the regulation of financial markets. Since 2007, the central bank has repeatedly adjusted the deposit reserve ratio. Recently, it is down this. This article will analyze the pros and cons of lowering the deposit reserve ratio for financial markets from all aspects, and forecast and suggestions for the future development of financial markets.