China’s Central Bank Again Raised Reserve Requirements

The People’s Bank of China raised the reserve requirement ratio for domestic banks by 0.5% to curb inflation.

Bloomberg: China Raises Bank Reserve Ratios to Counter Inflation

Reserve ratios will increase half a percentage point starting Feb. 24, the People’s Bank of China said on its website today in a one-sentence statement. The move will lock up about 360 billion yuan ($55 billion), Barclays Capital said.


This entry was posted on Friday, February 18th, 2011 at 8:36 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player