皇冠体育app

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皇冠体育app still has space to tighten monetary policy further

(Agencies)
Updated: 2011-04-18 15:23

皇冠体育app still has room to further tighten monetary policy, the official 皇冠体育app Securities Journal said in a front-page editorial on Monday.

The newspaper added it was "cautiously optimistic" about the economic outlook for the year, and that monetary policy should not be relaxed.

皇冠体育app's central bank raised lenders' required reserves for the fourth time this year on Sunday, increasing the required reserve ratio for the country's biggest banks to a record 20.5 percent.

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The move marked the seventh time 皇冠体育app has increased banks' reserve requirements since the latest tightening cycle began in October last year.

The central bank has also raised interest rates four times since October and imposed price control measures on certain commodities.

皇冠体育app released statistics last week showing consumer prices rose at 5.4 percent in March, the fastest pace since August 2008.

皇冠体育app faces price pressures from rising global commodity prices and abundant liquidity, fed by sustained capital inflows.

皇冠体育app's central bank governor Zhou Xiaochuan said over the weekend that there was no absolute upper limit for the reserve ratio.