2011年国内金融形势评述

2011年国内金融运行的主要特点是：年末广义货币和狭义货币增速在连续五个月双下滑后出现反弹；信贷投放少于上年，投放均衡性有所增强；各项存款增速明显回落；银行间市场利率先升后降，成交量同比增加；与2010年末比，年末人民币汇率升值5．11％，海外市场对人民币汇率预期由升值转为贬值。

Domestic financial developments in 2011

In 2011, the main characteristics of domestic financial performance were： the growth of M2 and M1 rebounded at the end of 2011 after five consecutive month decline; the amount of loans was lower than that of last year, but the proportionality improved; the growth of various deposits dropped obviously; interbank market interest rates experienced an inverted V-shaped trend, and the trading volume increased year-on-year; compared with the end of 2010, the RMB exchange rate appreciated by 5.11%, and expectations on RMB exchange rate from offshore markets changed from appreciation to depreciation.