Reserve Ratios to be Lifted for Third Time this Year
Published:
2011-03-22
In an efforts to curb inflation, the central bank decided to increase reserve ratios at large financial institutions as of March 25. The People's Bank of China announced the 0.5 percentage point increase on March 18, the increase will mean that many of the country's largest banks will now be required to place 20% of their deposits with the central bank.
Source
Southern Metropolis Daily
The views posted here belong to the commentor, and are not representative of the Economic Observer |
Related Stories
Popular
- Japan Earthquake:To Stay or to Go?
- Tourists are leaving, and the trend spread to longer-term residents of the country.
Interactive
What Chinese officials think about government transparency.
Multimedia
Take a look back at some of the most important news events that helped shape China in 2010
- 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