Central Bank to Raise Reserve Ratio by 50 Basis Points on Feb 24
Published:
2011-02-18
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 February 24, 2011. This is the second time this year that the bank has officially raised the ratio, and follows six adjustments to the ratio in 2010.
Source
People's Bank of China
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