中國央行減息

A few weeks ago the NHK News on-line reported the following:

中国の中央銀行 また利下げ

2月28日 19時50分

中国の中央銀行「中国人民銀行」は、３月１日から金融機関の貸し出しと預金の基準金利をそれぞれ０．２５％引き下げると発表しました。
引き下げは去年１１月に続くもので、中国経済が減速するなか、景気を下支えする姿勢を一段と強めるねらいがあるとみられます。

中国人民銀行は２８日夜、金融機関が資金を貸し出す際の基準金利を今の年５．６％から０．２５％引き下げて年５．３５％に、また預金の基準金利を今の年２．７５％から０．２５％引き下げて年２．５％にすると発表しました。
引き下げはおよそ２年４か月ぶりとなった去年１１月に続くもので、３月１日から行われます。
中国は、住宅市況の低迷などを背景に不動産投資や生産が伸び悩み、輸入額が３か月連続で前の年を下回るなど、内需が力強さを欠いています。
加えて、１月の消費者物価指数の上昇率が前の年の同じ月に比べて５年２か月ぶりに１％を割り込むなど、物価の下押し圧力も強く、景気が減速しています。
中国人民銀行は、２月５日には金融機関の預金準備率もおよそ２年９か月ぶりに引き下げていて、やつぎばやに金融緩和を進める背景には、中国経済のさらなる下振れを防ぎ、景気を下支えする姿勢を一段と強めるねらいがあるとみられます。

(試譯文)

China's central bank the "People's Bank of China" announced that it would reduce respectively the basic money lending rate and the financial institution deposit rate by 0.25 % starting from March 1.

It was a continuing reduction since November last year. It could be thought that there was an aim to strengthen the slowing down Chinese economy, and a posture to further support the business.

It was announced on the evening of the 28th (February) that the People's Bank of China would reduce the basic money rate of 5.6 % a year now by 0.25 % to 5.35 % when a financial institution lent out funds, and also to reduce depositor's basic money rate of 2.75 % year now by 0.25 % to 2.5 %.

Reduction had been stopped for approximately 2 years 4 months and was re-introduced again in November last year, and continued to be performed again starting from March 1st.

In China against the background of a stagnate real estate etc., investment in the real estate and in production were sluggish; import records continued to fall below the previous year for 3 months, domestic demand was lacking the force.

Further, the rate of increase in consumer price index in January fell below 1% in 5 years and 2 months when compared with the same month the previous year. There was a huge downward pressure on price and the business was slowing down.

For the People's Bank of China, on February 5th after 2 years and 9 months, reserve requirement ratio of a financial institution was also reduced. Against the background of proceeding with the monetary easing in rapid successions, it was thought that there was an aim to strengthen a posture in stopping the further slowing down of the Chinese economy.

I hope the economic situation in China would be stabilized.