19/03 China's central bank to raise reserve requirement ratio

English.news.cn   2011-03-19 09:43:31

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A bank staff member has a banknote counter checking RMB cash in Qionghai City, south China's Hainan Province, March 16, 2011. The People's Bank of China (PBOC), China's central bank, announced on Friday that it would raise the bank reserve requirement ratio (RRR) by 50 basis points starting on March 25. The hike, the third this year and only one month away from last raise, is the latest move to soak up liquidity to check inflation. (Xinhua/Meng Zhongde)

A depositor watches a board printing interest on banking deposit in Qionghai City, south China's Hainan Province, March 16, 2011.  (Xinhua/Meng Zhongde)

Bundles of RMB cash are seen in a bank as a staff member handles deposit business for clients in Kunming, capital of southwest China's Yunnan Province, March 1, 2011.  (Xinhua/Liang Zhiqiang)       Editor: Wang Yan

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