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
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