2013년 6월 25일 화요일

PBoC plays hard ball over cash crunch


It is becoming clear that China’s new economic leadership team is willing to accept some short-term pain for long-term gains,” said Stephen Green, an economist with Standard Chartered.

Analysts believe the central bank has allowed money market rates to spike in order to force banks to rein in excessively fast credit growth and to channel less of their assets into risky off-balance-sheet vehicles.

However, the central bank also signalled that the problem was more than just a technical one. Banks must “be prudent in managing the liquidity risks that may arise from an overly fast expansion of loans and other assets”, it said.


Spur : 자극하다
Rout : 궤멸
Plea : 애원
Reluctance : 꺼림, 마음내키지 않음
Fallout : 좋지 못한 결과
Intention : 의도
Overly : 너무심한
Spectre : 공포
Rein : 고삐를 당기다
Unbefitting : 걸맞지 않은

Prudent : 신중한

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