China Tightens Reserve Requirements

December 10th, 2010
in News, Banking

Bloomberg:  China has raised the banks reserve ratio requirement by 50 bp to 18.5% a day before China's inflation rate for November will be announced.  Estimates for inflation average to 5.1%, up from 4.4% in October (annual rates).  To put this in perspective, Basil III requirements for world banks is 10.5% by 2019.  China is really trying to cool things down.  Read more....

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