China’s Central Bank Again Raised Reserve Requirements

February 18th, 2011 by Belisarius

The People’s Bank of China raised the reserve requirement ratio for domestic banks by 0.5% to curb inflation.

Bloomberg: China Raises Bank Reserve Ratios to Counter Inflation

Reserve ratios will increase half a percentage point starting Feb. 24, the People’s Bank of China said on its website today in a one-sentence statement. The move will lock up about 360 billion yuan ($55 billion), Barclays Capital said.

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