required reserves

Although the possibility of an interest-rate cut is seen as remote, he said that China could lower the portion of deposits that banks are required to lock up as reserves as early as December.

他表示，尽管降息的可能性被认为较小，但中国最早可能在12月下调银行存款准备金率。

The Chinese central bank has trimmed banks 'required reserves and also used its open-market operations to inject more cash in the economy, reducing banks' funding costs.

中国央行已小幅下调了银行存款准备金率，还通过公开市场操作向经济注入了更多现金，降低了各银行的融资成本。

Inflation rate was higher than the expectation in 2011, so the central bank raised the interest rate twice and adjusted required reserves several times.

2011年来我国通胀的超预期，央行已经连续两次降息，多次上调存款准备金。

Any excess of actual reserves above required reserves.

实际储备量超过了要求的储备.

However, the central bank has defied expectations for a bolder shift to policy easing. It last cut interest rates in early July and it has not lowered lenders' required reserves since May.

然而，中国央行上一次降息还是在7月初，而且自5月份以来一直未下调银行存款准备金率，也就是说，它并未如人们预期的那样大幅转向政策放松。

Base on the models of M1 and M2, the stock market can influence money supply through the currency rate, the excess reserve rate, the required reserves rate, the ratio of quasi money to deposits by enterprises and the base money.

根据M1和M2的供给模型，股票市场可以通过通货比率、超额准备金率、法定准备金率、存款结构比、基础货币5条途径影响货币供给。