Banking Sector
China’s Central Bank raises the reserve ratio second time in 30 daysSubmitted by Harish Dhawan on Sat, 02/13/2010 - 04:35.
China’s Central Bank raises the reserve ratio second time in 30 daysSubmitted by Harish Dhawan on Sat, 02/13/2010 - 04:35.
Banking Sector
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TNM
China
China has taken another step to pull down the inflationary pressures by raising the reserve ratio for the second time in the month of January.
The People’s Bank of China has raised the rate of deposits by the banks to the central bank by 50 basis points. This move of the central bank of China is taken to prevent the World's third largest economy from overheating. The increased reserve requirement will be effective by February 25, the People’s Bank of China said on its Web site today.
Featured
TNM
China
China has taken another step to pull down the inflationary pressures by raising the reserve ratio for the second time in the month of January.
The People’s Bank of China has raised the rate of deposits by the banks to the central bank by 50 basis points. This move of the central bank of China is taken to prevent the World's third largest economy from overheating. The increased reserve requirement will be effective by February 25, the People’s Bank of China said on its Web site today.
