CHINESE CENTRAL BANK RAISES DEPOSIT RESERVE RATIO. (30-APR-07) AsiaPulse News

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CHINESE CENTRAL BANK RAISES DEPOSIT RESERVE RATIO.

Publication: AsiaPulse News

Publication Date: 30-APR-07

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BEIJING, April 30 Asia Pulse - The required reserve ratio for financial institutions engaged in the deposit business will be raised by 0.5 percentage points as of May 15, to 11 per cent, the People's Bank of China said on Sunday.

This is the fourth time the central bank has raised the deposit reserve ratio this year and the seventh time since last year in an effort...

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