Reserve ratio may rise to record high
China Daily | Updated: 2010-12-22 08:04
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Traffic moves past the People's Bank of China in Beijing. The central government could raise the ratio of reserves it requires banks to hold against their loans to 23 percent in 2011. Nelson Ching / Bloomberg |
SHANGHAI - The central government could raise the ratio of reserves it requires banks to hold against their loans to 23 percent in 2011, as it continues to try to curb inflationary credit growth in the financial system, Lu Zhengwei, chief economist at Industrial Bank, said on Tuesday.
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