Information or incident:
On September 15, tone RMB loan is standard below decision of Chinese people bank interest rate and in reserve of deposit of RMB of small finance orgnaization leads: Since September 16, 2008, reduce a year period RMB loan is standard interest rate 0.27 percent, loan of other time class is standard interest rate according to short-term the principle that moves less much air, for a long time is made adjust accordingly; Deposit is fiducial interest rate keeps changeless. Since September 25, 2008, outside be not being reduced except of short duration of bank of industrial and commercial bank, agriculture bank, Bank of China, construction, transportation bank, postal savings bank, other bank savings kind reserve of deposit of financial orgnaization RMB is led reduce a percent, reserve of deposit of orgnaization of finance of legal person of place of heavy disaster area of earthquake of plain of short of Wenshui River is led reduce 2 percent.

Comment:

Tired weigh is handed in in inside and outside under, the monetary policy of the Central Bank appeared to be adjusted greatly again eventually. Monetary policy happening changes should be expected issue, but be being adjusted with respect to this is however itself greatly unexpected, adjustment strength and opportunity appear very abrupt, but the major change that appears considering place of situation of appearance of near future home, should saying this reaction returns the government is more decisive and seasonable.

Below the background that put government of delay, each country to publish various economy to save economy to upset plan considerably in global economy, although Chinese economy still maintained so far still calculate good growth, but the trend of be issued to lower levels already was to be sent more apparent, and the situation also is to not allow hopeful, the policy of macroscopical adjusting control of the government below this kind of circumstance happens changing should be inevitable, how can the problem just go. Below the circumstance that still exists in inflationary shadow, finance policy is thought to meet all the time is governmental first selection, but Chinese national condition decided to undertake to finance policy in short-term and municipal seat of government major key is rectified very hard weighing, no matter be the legal technological process that taxation policy publishs a need to go, still be the budgetary tie that government spending place gets, the major change that causes finance policy needs proper time and process ability implementation, embark on a journey probably hard inside year. It is monetary policy government has very great freedom to develop a space instead, no matter be credit, interest rate, it is OK that reserve of legal still deposit is led undertake adjustment at any time by people bank below the accredit of the State Council. So, when the situation produces major change, often be monetary policy can undertake comparative be adjustmented in time all right first, of policy of money of this inferior goods adjusting was to reflect a kind of such conditions, consequently from this angle character, the decision of the Central Bank should be expected issue.
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