China Raises Banks' Reserve Requirement Ratio
Published:
2010-01-13
China's central bank Tuesday announced, as of January 18, it would raise the reserve requirement ratio (RRR), the proportion of funds that financial institutions are required to set aside as reserves, for deposit-taking financial institutions by 0.5 of a percentage point. The move is expected to tie up 296.4 billion yuan worth of funds from the market.
Source
The Beijing News
Google Translation
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