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GorillaGorilla

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GorillaGorilla

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Sunday, 05/02/2010 1:48:35 PM

Sunday, May 02, 2010 1:48:35 PM

Post# of 94785
China's central bank to raise 0.5% reserve ratio

BEIJING - The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.

http://www.chinadaily.com.cn/bizchina/2010-05/02/content_9802274.htm

Largly expected: each wratchet up means banks have less money to loan and more reserves - which at the moment seems a good thing.

rich
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