Xiaoling: Deposit reserve ratio and room for increase

such as inflation seriously recommended the opening of small deposits Pauling newspaper Beijing, March 7 (reporter Tian Junyong) deputy chairman of the National People's Congress, the former vice president of the People's Bank of China Xiaoling today in response to this reporter asked questions, deposit reserve ratio there is room for adjustment. Xiaoling said the space for reserve ratio increases depends on whether the increase in reserve ratio will make a big impact on commercial banks financially. "At present, the deposit reserve ratio of large banks is 19.5%, even if reached 20%, means that commercial banks absorb 100 yuan, but also can be used to lend 80 yuan, so I think so far the reserve ratio has not reached the limit." Xiaoling said that controlling inflation is not a problem that can be solved with a dose of medicine, and that increasing the flexibility of the renminbi is one of the options. "This year's exchange rate should be more flexible, the most ideal way is the renminbi exchange rate is not unilateral trend, but two-way floating, so that the market has a rational expectation." "Xiaoling that some small depositors do not have strong financial market risk tolerance, if the price rise in the depreciation, will have a great impact on them." "If prices rise more serious, you may wish to set up a small deposit Pauling," Xiaoling said, "in the 90 's our country had introduced a comprehensive Pauling, now this practice is not likely." But for small depositors, if the state can pay a certain amount of interest compensation can be. ”