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It's a window on what we can expect when the U.S. starts draining liquidity,' says Barry Knapp, U.S. equity strategist at Barclays Capital.'There are two places in the world where monetary policy was incredibly aggressive, one was the People's Bank of China…and the other was the Fed.

巴克莱资本美股策略师奈普说,透过这种现象,我们可以看到美国开始回收流动性时会发生什么;世界上两个地方的货币政策之激进程度令人难以置信,一个是中国人民银行,另一个就是美联储。

Department: Ministry of Labor and Social Security (incl. Ministry of Labor), People's Bank of China

发布部门:劳动和社会保障部,中国人民银行

Department: Ministry of Finance, People's Bank of China, Ministry of Human Resources and Social Security

发布部门:财政部,中国人民银行,人力资源和社会保障部

Mullin is also working with Dai Xianglong, chairman of the Social Security Fund approached to seek social security fund shares.

穆林也正在与中国人民银行行长戴相龙,社会保障基金理事会理事长接触,寻求社会保障基金份额。

The People's Bank of China said the move was meant to keep the economy on an even keel.

中国人民银行说这一举措旨在稳定经济。

The People's Bank of China increased the one-year bill yield by 8.3 basis points in its open market operation Tuesday.

中国人民银行在周二公开市场操作中将一年期央票的利率提升了8.3个基点。

Though PBC keeps doing sterilization by means of open market operation,position for foreign exchange purchase is still a main reason of base money embarking.

虽然中国人民银行采取了公开市场操作的措施,外汇结算仍然是一个基础货币扩张的主要原因。

Cailin Gao, Deputy Director, Department of Open Market Operation

高材林,中国人民银行上海总部公开市场操作业务部副主任

Among the three main monetary policy instruments applied by the PBC, applicable conditions of open market operation and rediscounting are not complete,so regulating the required reserve ratio is a inevitable choice.

中国人民银行在运用的三个主要货币政策工具中,公开市场操作和再贴现的适用条件不完整,因此调节准备金率是一种必然选择。

To compensate, the bank sells its own bills, thus taking yuan out of circulation.

作为补偿,中国人民银行还出售它自己的票据,让一些人民币退出流通领域。

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