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- China announces to raise banks' reserve requirement ratio
- Published: 2010-11-20 Views:71 reads
- China's central bank announced Friday it would raise the deposit reserve requirement ratio for banks by 50 basis points from Nov. 29, the fifth such hike this year and the second increase this month.The People's Bank of China said the move was aimed at "enhancing liquidity management and moderately regulating credit supply."Source: Xinhua