Central Bank Raises Required Reserve Ratio 0.5 Percentage Points
Published:
2011-04-18
The People’s Bank of China has decided, to raise the required reserve ratio (RRR) of deposit-oriented financial institutions by 0.5 percentage points beginning April 21st. The move aims to freeze 360 billion yuan in banking capital. This is the fourth time the central bank has lifted the required reserve ratio this year.
Source
China News Agency
The views posted here belong to the commentor, and are not representative of the Economic Observer |
Related Stories
- Central Bank to Issue Aggregate Social Finance Figure for First Time Today
- My banks told me they might only be able to provide 60 per cent of what they lent last year, given restrictive new quotas
- China's Banking Sector Earns 900 Billion Yuan in Profits in 2010
- More interbank networks will raise the cost of commercial banks and lower their profits
- Banking Regulator Investigation into Long-term Loans Touches on Railway Projects
Popular
- BOOK REVIEW
- March 2011 Issue of EO's Book Review
- Highlights from this month's issue of EO's Book Review
Interactive
Multimedia
Take a look back at some of the most important news events that helped shape China in 2010
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