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EconGrapher (< 20)

People's Bank of China Raises Reserve Requirements 50bps to 21%

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May 12, 2011 – Comments (2)

The People's Bank of China raised the required reserve ratio by 50 basis points, bringing the average rate to 21% for large banks (and 19% for smaller banks), effective 18 May 2011.

http://www.centralbanknews.info/2011/05/peoples-bank-of-china-raises-reserve.html

2 Comments – Post Your Own

#1) On May 12, 2011 at 2:04 PM, TMFAleph1 (95.18) wrote:

Not good for commodities...

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#2) On May 12, 2011 at 2:16 PM, ElCid16 (96.20) wrote:

agree with #1.

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