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Home Activity Slideshow 2012-12-23 Holy Mountain PaPaGo LXI

2012-12-23 Holy Mountain PaPaGo LXI

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Holy Mountain PaPaGo LXI

 
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Last Updated ( Sunday, 23 December 2012 23:30 )  

Newsflash

China yesterday raised the proportion of deposits that banks must hold in reserve in the clearest sign yet that it has started to tighten monetary policy with its economy roaring back to the brink of overheating.

The 0.5 percentage point increase in the reserve requirement ratio (RRR) will take effect on Monday and will apply to all banks apart from rural credit cooperatives, the People’s Bank of China said on its Web site.