Central Bank to Raise Reserve Ratio by another 50 Basis Points
Published:
2010-12-10
The People's Bank of China, the country's central bank, posted a notice to its official website at about 6pm this evening announcing that it had decided to increase the reserve ratio of deposit-taking financial institutions by 0.5 percentage points, as of December 20. This is the sixth time this year that the central bank has officially raised the ratio, taking the the required reserve ratio for the country's six largest banks to 19 percent.
Source
Peoples Bank of China
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