China to raise bank reserve ratio requirement
China's central bank announced Wednesday it would raise the amount of money that lenders must keep in reserve as official concerns persist over inflation and rising housing costs.
The People's Bank of China said in a one-line statement on its website that the reserve ratio would be raised by 50 basis points, effective next Tuesday. The hike is the fourth this year.
The People's Bank of China said in a one-line statement on its website that the reserve ratio would be raised by 50 basis points, effective next Tuesday. The hike is the fourth this year.
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文章关键词： bank reserve ratio
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