存款准备金调控通货膨胀的有效性分析

存款准备金制度是央行重要的间接宏观调控手段。2010年以来，受国际、国内多种因素影响，CPI增速明显加快。存款准备金率作为当前应对通胀的主要手段，已连续12次上调，达到21．5％的历史高位。但频繁上调存款准备金率，并未有效抑制物价、CPI过快上涨。反而因为过度、频繁地使用存款准备率政策，对经济的伤害也逐渐凸现出来。

The Effectiveness Analysis of Using the Deposit Reserve to Control Inflation

The deposit reserve system is an important indirect means for the macroeconomic control of People’s Bank of China.Since 2010,CPI has significantly increased by the effects of international and domestic factors.As the response to current inflation control,the deposit reserve rate has been raised 12 times,reaching a high record of 21.5%.But as the deposit reserve rate grown higher,the prices and CPI increased greater.Excessive and frequent using of the deposit reserve rate policy has brings apparent harm to the economy.Therefore,it is necessary to take serious consideration on the effectiveness of using the deposit reserve to control inflation under the current economic situation.