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Article: China raises bank reserve ratio by 0.5 percentage point to further restrain lending.
- Article from:
- China Business News
- Article date:
- March 18, 2008
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China raises bank reserve ratio by 0.5 percentage point to further restrain lending
Shanghai. March 18. INTERFAX-CHINA - The People's Bank of China (PBOC), China's central bank, announced today that it will raise the national bank reserve ratio by 0.5 of a percentage point to 15.5 percent, effective March 25.
The move, in line with Beijing's prudent monetary policy, intends to further enhance ...