Reserve requirements raised to tame inflation
By Xin Zhiming | China Daily | Updated: 2011-01-15 07:20
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A vegetable stall at a Carrefour store in Guiyang, capital of Guizhou province. The central bank announced on Friday it is raising the reserve requirement ratio for banks to tame inflation, partially driven by rising food prices. Provided to China Daily |
BEIJING - The People's Bank of China announced on Friday that it will raise the reserve requirement ratio for lenders for the fourth time in two months.
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