PBOC to keep credit, capital levels in check
By Wang Xiaotian | China Daily | Updated: 2011-01-06 07:55
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The People's Bank of China (pictured above), the country's central bank, raised the reserve requirement ratio six times and interest rates twice in 2010 to control liquidity and inflation. Wen Bao / for China Daily |
BEIJING - The People's Bank of China (PBOC), the country's central bank, will check credit and capital levels of commercial banks each month to determine the reserve requirements for individual lenders, viewed as a measure to strengthen control over banks' monthly credit.
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