JP Morgan Chase the central bank raised the reserve ratio that anxious to curb inflation expectations

 Judgments based on the above, JP Morgan Chase is expected to take the next several quarters will continue to normalize monetary measures, including two more in 2011 raised the deposit reserve ratio three times higher interest rates (the next will occur in the first in the first quarter), and further improve the RMB exchange rate (estimated to the year dollar / yuan exchange rate will reach 6.3), in response to inflationary pressures and domestic demand is warmer. These policy changes are likely to occur early this year (ie the next few months), because the beginning of this year's overall inflation remains high, and economic growth faces risk of overheating. To slow inflation, the Central may be the beginning of this year to improve the RMB exchange rate to respond to imported inflation pressures.

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central bank to domestic inflation in the current situation, JP Morgan Chase is still possible that the overall inflation in 2011 first half of the rise again, and reached a peak in mid-2011, based on this determine the average CPI in 2011 will remain at 4.3%, slightly higher than the government target (4%).

 This is the first time in 2011, the central bank to adjust the deposit reserve ratio. JP Morgan Chase, said raising the deposit reserve Shuaiyi excess in the tightening of liquidity, curb the growth of new loans, to prevent the risk of macroeconomic overheating.
the other hand, JP Morgan Chase that the risks to economic growth in fact exist in the economy, rose period, although the domestic monetary policy stance in 2011 has been by the maintained a This position remains favorable with the combination of monetary conditions (ample liquidity, interest rates still relatively low), early this year in fact increase the risk of economic overheating.

JP Morgan raised the deposit reserve for this does not mean an accident, it said the move means that central banks eager to contain inflation expectations, and in January this year, that is to take measures to prevent credit soared, especially considering that there have been reported previously pointed out that the first week of January, the amount of new loans has reached 500 billion yuan.