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Update Alerts

China raises bank reserve ratio by 50bps

12 February 2010

China's central bank announced it will raise banks' reserve requirement ratio (RRR) by 50 basis points, effective February 25. This is the second 50 basis point hike since mid January, and brings RRR to 16.5% for large depository institutions. There is "temporarily" no change in the RRR for rural credit co-operatives and other "small financial institutions", the People's Bank of China (PBoC) said.

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CHINA CONFIDENTIAL FUNDS

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