Monetary policy to remain prudent: central bank official
英语课
BEIJING, Feb. 19 (Xinhua) -- China's central bank said Sunday it will maintain a prudent 1 monetary 2 policy as the country faces pressure in supporting growth and containing inflation.
The remarks, made by an official with the People's Bank of China (PBOC), was quoted in a PBOC press release a day after the central bank announced a reserve requirement ratio (RRR) cut to ease a liquidity 3 shortage and secure growth amid weak external demand.
"Both the pressure of growth moderation and that of price rises exist at the same time. The overall tone of the monetary policy will stay prudent," Jin Qi, assistant to the PBOC governor, was quoted as saying during a meeting held on Thursday and Friday.
The current international economic situation remains 4 complicated and grim, while China's economic development is still not balanced, coordinated 5 or sustainable enough, said Jin.
The PBOC on Saturday announced a cut in the amount of cash that lenders must set aside as reserves, the second of its kind in three months.
The RRR will drop by 50 basis points to 20.5 percent for large commercial banks and 17 percent for mid- and small-sized banks, effective on Feb. 24, the PBOC said.
The central bank lowered the RRR in December by 50 basis points after hiking the RRR six times last year to cool inflation. It was the first cut since December 2008.
China's economy expanded by 9.2 percent year-on-year in 2011, with its GDP growth rate dropping to a 10-quarter low of 8.9 percent in the fourth quarter.
The consumer price index, a main gauge 6 of inflation, rebounded 7 to 4.5 percent in January after easing to a 15-month low of 4.1 percent in December. But it still grew an annualized 5.4 percent in 2011, above the government's full-year control target of 4 percent.
adj.谨慎的，有远见的，精打细算的
- A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
- You must school yourself to be modest and prudent.你要学会谦虚谨慎。
adj.货币的，钱的；通货的；金融的；财政的
- The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
- Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
n.流动性，偿债能力，流动资产
- The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
- The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
n.剩余物，残留物；遗体，遗迹
- He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
- The remains of the meal were fed to the dog.残羹剩饭喂狗了。
adj.协调的
- The sound has to be coordinated with the picture. 声音必须和画面协调一致。
- The numerous existing statutes are complicated and poorly coordinated. 目前繁多的法令既十分复杂又缺乏快调。 来自英汉非文学 - 环境法 - 环境法
v.精确计量；估计；n.标准度量；计量器
- Can you gauge what her reaction is likely to be?你能揣测她的反应可能是什么吗？
- It's difficult to gauge one's character.要判断一个人的品格是很困难的。
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Monetary