accountThe People's Bank of China announced a 50 basis point reduction in the required reserve ratios for deposit taking financial institutions, effective 5th December 2011. The new required reserve ratios will average 21.00% for large banks, and 19.00% for small banks. The move potentially marks a shift in policy focus to growth by the Chinese authorities, and follows the news last week that the...
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Reactions to People's Bank of China Drops RRR 50bps to 21%
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