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
Google Translation
The views posted here belong to the commentor, and are not representative of the Economic Observer |
Related Stories
Popular
- BOOK REVIEW
- December Issue of EO's Book Review
- A tour of the best books about the financial crisis that have been translated into Chinese
Interactive
Many people are willing to leech off the wealthly and powerful
Multimedia
E-paper
|
- EEO.COM.CN The Economic Observer Online
- Bldg 7A, Xinghua Dongli, Dongcheng District
- Beijing 100013
- Phone: +86 (10) 6420 9024
- Copyright The Economic Observer Online 2001-2011